cxo voice
  • Home
  • News
  • Expert Opinion
  • Leaders Talk
No Result
View All Result
  • Home
  • News
  • Expert Opinion
  • Leaders Talk
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News Cyber Security

McAfee research report reveals more than 50 percent of IT professionals have faced data breach

News Desk by News Desk
April 30, 2019
Reading Time: 3 mins read
Mcafee data breach report
Share on FacebookShare on Twitter

McAfee’s New research report of Grand Theft Data II – The Drivers and Shifting State of Data Breaches revealed that cyber security still a big challenge for organizations and IT professionals. McAfee’s data breach report shows approx 61 percent IT security professionals faced serious data breaches.

Key findings of McAfee’s research report

  1. Top three vectors used to exfiltrate data are database leaks, cloud applications and removable USB drives.
  2. Nearly three-quarters of all breaches require public disclosure, putting brand reputation at risk.
  3. Eighty-one percent of IT professionals report separate policies or management consoles for cloud access security broker (CASB) and data loss prevention (DLP).
  4. Intellectual property (IP) surpasses payment card data to tie personally identifiable information (PII) as top target for thieves.

“Threats have evolved and will continue to become even more sophisticated,” said Candace Worley, vice president and chief technical strategist at McAfee. “Organizations need to augment security measures by implementing a culture of security and emphasizing that all employees are part of an organization’s security posture, not just the IT team. To stay ahead of threats, it is critical companies provide a holistic approach to improving security process by not only utilizing an integrated security solution but also practicing good security hygiene.”

McAfee’s Research Data highlights the following 6 Points

1. Savvier thieves

Data is now being stolen by a wide range of methods, with no single technique dominating the industry. The top vectors used to exfiltrate data are database leaks, cloud applications and removable USB drives.

2. IP tied for 1st

Personally identifiable information (PII) and intellectual property (IP) are now tied as the data categories with the highest potential impact to 43% of respondents. Notably, PII is of greater concern in Europe (49%), most likely due to the recent enforcement date of the General Data Protection Regulation (GDPR). In Asia-Pacific countries, intellectual property theft is of greater concern (51%) than PII.  

3. Blame game

IT is looked at as the culprit with 52 percent of respondents claiming IT is at fault for creating the most data leakage events. Business operations (29 percent) follows as the next most likely to be involved. Highly regulated internal groups including finance (12 percent) and legal (6 percent) were the most secure.

ADVERTISEMENT

4. The great divide

Security technology continues to operate in isolation, with 81 percent reporting separate policies or management consoles for cloud access security broker (CASB) and data loss prevention (DLP), resulting in delayed detection and remediation actions.

5. Taking responsibility

There is a rift in regard to accountability – 55 percent of IT professionals believe that c-level executives should lose their job if a breach is serious enough, yet 61 percent also state that the c-level executives they work with expect more lenient security policies for themselves.

6. Future proofing

IT professionals are taking action, with almost two-thirds stating they have purchased additional DLP, CASB and endpoint detection solutions over the last 12 months. Respondents believe that between 65 and 80 percent of breaches experienced would have likely been prevented if one or more of these systems had been installed.

The stakes are higher as multiple attack methods are now used in a breach as cybercriminals continue to target personal data and intellectual property. Furthermore, cyber security challenges IT security teams are increasingly concerned about external threat actors compromising their network, which has forced more organizations to publicly disclose when breaches occur. The severity of publicly disclosing breaches results not only in financial repercussions but damage to brand and reputation as well.

News Desk

News Desk

by CXO VOICE team memebrs, contact@cxovoice.com

Related Posts

Cybersecurity While Working from Home amid Coronavirus outbreak
Cyber Security

Hackers targeted Google, Microsoft products via zero-day exploitation in 2022: Report

March 22, 2023
AI chatbots
Cyber Security

Avoid AI chatbots that don’t appear on the company’s website or app: warn researchers

March 14, 2023
security
Cyber Security

US issued new cybersecurity strategy, puts onus on Big Tech firms

March 3, 2023
80% of Indian firms face cyber attacks due to miscommunication in IT security
Cyber Security

80% of Indian firms face cyber attacks due to miscommunication in IT security

February 20, 2023
Cyber Criminals
Cryptocurrency

Cyber agency warns of huge global attack

February 6, 2023
How to remove a virus from a phone?
Cyber Security

How to remove virus from phone?

January 23, 2023
Zero click attacks
Cyber Security

T-Mobile data breach, 37 mn customer’s data stolen

January 20, 2023
Cyber security is a major concern for enterprises, How to fight sophisticated cyber threats
Cyber Security

Cyber security is a major concern for enterprises, here is how to fight sophisticated cyber threats

January 13, 2023
Load More
ADVERTISEMENT

Expert Views

SaaS Rising: India is Ready for its Next IT Moment
Opinion

SaaS Rising: India is Ready for its Next IT Moment

January 31, 2023
Technology remains the main driver for insurance companies to scale and grow in 2023
News

Technology remains the main driver for insurance companies to scale and grow in 2023

January 10, 2023
Supply Chain Attacks – The Open Source Effect
Cyber Security

Supply Chain Attacks – The Open Source Effect

January 3, 2023
Technology Trends to Watch in 2023
Opinion

Top Technology Trends to Watch in 2023

December 21, 2022
Startups should embrace a down-round and restructure their firms: Flipkart CEO
Business

Startups should embrace a down-round and restructure their firms: Flipkart CEO

November 22, 2022

Latest Updates

Will never share US user data with China, says TikTok CEO

TikTok CEO says, will never share US user data with China

by IANS
14 hours ago

China's smartwatch shipments declined by 9.3% in 2022: Report

China’s smartwatch shipments declined by 9.3% in 2022: Report

by IANS
1 day ago

Hybrid workplace

78% of professionals heading back to the office by choice

by IANS
2 days ago

Adobe

Adobe unveils generative AI to enhance customer experiences

by IANS
3 days ago

Cybersecurity While Working from Home amid Coronavirus outbreak

Hackers targeted Google, Microsoft products via zero-day exploitation in 2022: Report

by IANS
3 days ago

cybersecurity

Google suspends shopping app ‘Pinduoduo’ after finding malware in versions

by IANS
3 days ago

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Inerviews

Rising cyber attacks pose a serious threat to Indian SMBs, says Zakir Hussain
Cyber Security

Rising cyber attacks pose a serious threat to Indian SMBs, says Zakir Hussain

-
Axis Bank's Cloud-driven digital banking solutions
Banking

Axis Bank doubles down on cloud based digital banking solutions

-
digital-first strategy
Banking

Jana Small Finance Bank’s digital-first strategy enhances customer experience

-
email security interview
Cyber Security

What is email security? and its importance in securing enterprise networks

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

We bring business leaders' opinions and unique ideas on what’s happening in the market and its impact. Also, get the daily news, analysis, and insights.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

contact@cxovoice.com
  • Home
  • About
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

© 2023 CXO VOICE

No Result
View All Result
  • Home
  • News
  • Expert Opinion
  • Leaders Talk

© 2023 CXO VOICE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/