Cyber security needs to be ramped up
UK companies are falling behind on implementing proper systems to safeguard themselves against cyber crimes, according to new research.
Symantec Corp, a global cyber security firm, has found that almost one in 10 (nine percent) say all employees can access customers’ personal information.
It pointed out that 96 percent of companies still do not fully understand the European General Data Protection Regulation (GDPR), despite it coming into effect in May 2018.
While six percent say all staff can access customers’ payment details, only 14 percent believe everyone in the organisation has a responsibility to ensure data is protected.
With such wide-reaching access to people’s personal information, businesses are underestimating the challenges they will face, the research said.
Less than half of those surveyed (47 per cent) said managing data ethically is a top priority for their organisation, and less than half again said they would be increasing security training. Only 27 percent of businesses are planning to completely overhaul their approach to security in response to the GDPR.
“Businesses should recognise that privacy, security and compliance with GDPR are extremely important brand differentiators,” said Kevin Isaac, senior vice president, Symantec, “Businesses’ response to the GDPR should become a core element of organisational design and culture. Adopting a fragmented, piecemeal approach as part of a tick box exercise will create more problems than it solves”.