Concealing cyberattacks risks penalties and harms trust

Last month Bitdefender revealed that 70 percent of UK CISO have faced pressure to conceal security incidents, cyberattacks and breaches. But compliance training specialist Skillcast is warning that this could risk regulatory penalties and erode trust. The concern is heightened by escalating threats, with 612,000 UK businesses and 61,000 UK charities reporting a cyber breach or attack in the past year, with the average cost of the most disruptive breach reaching £3,550 ($4,790) for businesses and £8,690 ($11,730) for charities. Vivek Dodd, CEO at Skillcast, says: Amid what feels like a cybersecurity pandemic for UK businesses of all sizes, much… [Continue Reading]