PwC survey which revealed how the number of companies fined for data breaches doubled last year - Comments from 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."