Failed security controls cost businesses billions

Quick Summary:

The study from security posture management firm Panaseer surveyed 400 security decision makers across the US and UK and found 72 percent have taken out indemnity insurance in response to growing personal liability, whilst 15 percent have considered leaving the industry.

A new report finds 61 percent of organizations have suffered a security breach in the past year because their policies, governance, and controls failed or were not working effectively.

This is costing US businesses $30bn and UK businesses £10bn per year.

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Article Details

Author / Journalist: Ian Barker

Category: Technology

Markets: United States

Topics: Cybersecurity Article CISO Insurance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 15:16:25 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: betanews.com

Language: English

Article Length: 537 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BetaNews

News ID: 23555634

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