Tom Cross, director of security research

Tom Cross, director of security research

Tom Cross, director of security research

“Other retail organisations have got to be asking themselves if their systems were also compromised, and how well prepared they are to respond in the event that this happens to them. Lancope recently commissioned a study by the Ponemon Institute on how well prepared IT organisations are to respond to cyber security incidents. What we learned is that senior executives are often in the dark  – only 20% of our survey respondents told us that their executives are frequently briefed on cybersecurity threats. This can translate into organisations being under-prepared, because the leadership team isn’t aware of the risks and therefore isn’t investing adequately in preparedness. Most of our respondents told us that investments in incident response preparedness have either declined or remained the same over the past 2 years, while the frequency of attacks has increased. Hopefully the news of these major retail compromises will serve as a wakeup call to senior executives that cyber security incidents can have significant consequences for their businesses and they need to be prepared.”

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