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Target breach has larger impact on execs than Snowden leaks, survey finds

Target breach has larger impact on execs than Snowden leaks, survey finds 

The survey polled over 150 conference attendees. Respondents were asked which security event had a greater impact on their budgets and executive security awareness of cybersecurity.

Just over half of the respondents, 52 per cent, said the Target breach had a greater impact on their company’s security budgets than the Snowden leaks. Meanwhile 56 per cent said the breach had a greater impact on their executives’ security awareness.

“It’s not surprising that the Target breach is having a significant impact on most organizations,” said Dwayne Melancon, CTO, Tripwire. “The Target breach involved a lot of money, something enterprises understand in a very concrete way.”

Last December’s Target data theft affected up to 110 million customers, some of which were Canadian. It made headlines and raised the importance of cybersecurity in IT departments across North America.

“The visibility of the Target breach, and the resulting financial ripple effect, has definitely gotten the attention of executives, particularly when it comes to third party security risks,” said Melancon.

For businesses looking to avoid this kind of controversy, Melancon recommends now is the time to bring the security discussion to the boardroom.  

“Many IT organizations will use this increase in awareness to increase security budgets, but the really smart IT security leaders will use this opportunity to engage with the organization in a more strategic, business-focused way,” explained Melancon. “Those who pursue this critical alignment of security with business goals will gain both resources and executive mindshare over the long haul, not just during this recent storm.”

To see what businesses can do to protect themselves from these kinds of data breaches, read this article: It’s not just the customers – businesses dread data breaches, too.


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