Businesses are concerned over the European Commission’s plans of imposing strict data breach reporting rules on companies and organizations in its efforts to combat global cybercrime.
Another data loss at Human Resources Canada
Only one in four European companies has a formal IT security policy that is regularly reviewed. Among information and communication technologies (ICT) firms, only one in two have a formal ICT security policy.
Other studies suggest that three quarters of small business in the United Kingdom and 93 per cent of large enterprises have suffered a cyber security breach.
Reports yesterday, however said, firms are concerned that their reputations may be damaged if they were to report online attacks and security breaches.