PwC survey which revealed how the number of companies fined for data breaches doubled last year - Comments from Fujitsu
June 2017 by Rob Norris, VP Head of Enterprise & Cyber Security EMEIA at Fujitsu
PwC’s latest research has revealed how the number of companies fined for data breaches doubled last year as Britain’s watchdog cracked down on organisations for not protecting customer information. Rob Norris, VP Head of Enterprise & Cyber Security EMEIA at Fujitsu, comments:
"We are now in an age where cybercrime and data breaches are inevitable, and with
the increasing severity of sanctions against those who fail to put in adequate
protection measures, it’s time every business makes cyber-security a priority."
"Information is the lifeblood and wealth generator of almost every organisation, and
anyone holding data, be it of consumers or businesses, is now a target. On the one
hand it’s important companies conduct data inventory scans to help discover the
relevant data they hold, and understand where it resides. Once that’s done they need
to speak to specialists who can help them create a holistic solution that
prioritises the protection of critical data. On the other hand, this must work in
tandem with a culture shift within organisations that prioritises and creates
awareness of protective measures against cyber-crime. Phishing attacks and human
error are two of the most common causes of a breach, and the positive thing is
organisations do have the power to prevent such instances from happening."
"As the number of these threats continue to increase exponentially, no businesses
nor consumer can afford for cyber-security not to be their number one priority. We
have seen how data breaches and cyber-attacks do indeed have both reputational and
financial ramifications, and its time business took steps to protect themselves."