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Data Breaches and encryption

Data breaches happen, and they are likely to impact every organization at some point. How are businesses protecting their perimeter, their data and their reputation?

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Less than half (48%) of ITDM respondents say that perimeter security systems are very effective at keeping unauthorized users out of their organization's network.

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In addition, only 43% state that they are extremely confident that their organization's data would still be secure if unauthorized users penetrated their organization's network perimeter.

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This is even more concerning when considering that 96% of ITDM respondents' organizations deem some of their data to be worthy of access restriction.

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Around a quarter (27%) of ITDM respondents' organizations have had their perimeter security breached in the past 12 months, while similar proportions report that this has happened 12-18 months ago (22%), 18-24 months ago (25%) and more than 24 months ago (27%).

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But, it was only just over three quarters (76%) of respondents' organizations that have suffered a breach who cite that they did report the most recent one to the local authorities – something that is a requirement under GDPR.

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Seven in ten (70%) ITDM respondents report that their organization encrypts payment data, while only slightly fewer say the same when it comes to customer/user information (67%) and/or employee records (60%). It is only 22% who state that they encrypt data on mobile devices, which could be a cause for concern given how much mobile data is available.

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When asked about the most recent breach that their organization suffered, only just over third (36%) of ITDM respondents report that 5% or more of their data was protected by encryption, with the average amount protected being 9.81%.

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Approaching nine in ten (86%) consumer respondents state that they have at least a limited understanding of encryption, but it is very few (16%) who claim to have complete understanding.

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However, it is only just over half (54%) of those who say that they have some understanding that picked the correct definition of encryption, while 17% believe that it is the use of human features and 16% believe that it is a password rotation system, suggesting that there is still room for education on this subject.

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It’s not just encryption that consumer respondents feel is important - the majority think that passwords (64%), two-factor authentication (62%) and/or encryption (60%) should be being used.

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It is worth noting though that in each instance, it is fewer (63%, 48% and 36% respectively) who think that these security tools actually are being used.

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