Lack of Leadership Can Hurt Data Breach Response

“Poor communications, lack of leadership and lack of board oversight are barriers to effective incident response,” according to a new Ponemon Institute research report titled "The Importance of Senior Executive Involvement in Breach Response."

Two foreign nationals who worked for a third-party data company are suspected of stealing the personal information of as many as 4,000 Dow Corning employees. The two men, who worked for HCL America, are believed to have downloaded names, Social Security numbers, income records, and more, then transferred that data to a USB drive. The drive—and the information—are unaccounted for as of now.

CEOs and senior executives do not get fired when their companies get hacked or experience a data breach event. They get fired for failing to implement and test regularly a clearly defined, strategic management response to their data-breach event.

The Dow Jones, which owns business oriented outlets like the Wall Street Journal, is synonymous with wealth and power. Most people only know of it in terms of investments and playing the stock market, and therefore it makes a logical “big fish” kind of target for hackers. After all, successfully infiltrating their stores of data could result in a tremendous payoff of information on some of the country’s wealthiest people.

Nearly half of all data breaches occur when ID-theft criminals access information because we lost a device. In fact, nearly 41 percent of all data breach events from 2005 through 2015 were caused by lost devices such as laptops, tablets and smartphones, according to a new TrendMicro report.

 

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