Most businesses do not understand risks of data breaches, study finds

More than 70% of executives say their organisations do not understand fully the risks associated with data breaches, a Ponemon Institute survey has revealed.

Less than half of top executives, including board members, are kept informed about the breach response process, according to the 2014 Executive Breach Preparedness Research Report, commissioned by HP.

Of the nearly 500 senior executives polled in the UK and the US, only 45% said they were accountable for the incident-response process.

The survey on the importance of senior executive involvement in breach response found that while 79% of respondents said executive-level involvement is necessary to achieving a successful data breach response, only 70% believed board-level oversight was also crucial.

The survey also revealed that only 45% of executives considered their own enterprise’s incident response process as either proactive or mature.

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