Network Security News

Fraud specialists want more transparency on data breaches

Tuesday, April 21, 2009

A survey released ahead of this week's RSA Conference in San Francisco shows that network security fraud specialists want more transparency in reporting of data breaches.

The survey found that 67 percent of respondents feel they should be notified the same day of a data breach in which customers are compromised and 50 percent said they would like to see more legislative action on data security, according to RSA Conference.

More than one-third (35 percent) of respondents to the survey said their organization had experienced a data breach in the past year, versus 44 percent who said they did not have a data breach and 21 percent who said they did not know.

"Data breaches are not a rarity anymore; they are part of business," said Sandra Toms LaPedis, general manager of RSA Conference.

"Furthermore, these findings show that current regulations to help organizations cope with data breaches and protect their customers are not enough," she added. "In fact, we found that spending to prevent fraud is actually up for half of the organizations surveyed."

The survey also found that more cross-industry information sharing is needed: 93 percent of people surveyed agreed information sharing does help prevent fraud and 78 percent of those surveyed would like to see more information sharing, RSA Conference reported.