Tripwire Survey Finds that 40 Percent of Retail and Financial Organisations Need Two to Three Days to Detect a Breach
Tripwire, Inc., a leading global provider of risk-based security and compliance management solutions, have announced the results of a survey conducted by Atomic Research and sponsored by Tripwire of 102 financial organizations and 151 retail organizations in the U.K., all of which process card payments. The survey results indicate that recent data breaches have had little impact on the security controls of retail and financial organisations. Of those surveyed, 35 percent said it would take as long as two to three days to detect a breach on their systems and 44 percent admitted that their customer data could be better protected.
The Payment Card Industry Data Security Standard (PCI DSS) is a security standard that outlines minimum security requirements for organizations that handle cardholder information. When asked how important PCI compliance is to their overall security program, 43 percent of respondents said it was the backbone of their security program, and 36 percent said it was half of their security program. However, in order to protect confidential customer data, organizations must also apply other security controls.
“It is shocking to see the high level of confidence exhibited by respondents in the wake of the recent series of high-profile cardholder data breaches,” said Tim Erlin, director of IT security and risk strategy for Tripwire, in response to the findings. “Sixty percent of respondents said they are confident that their security controls are able to prevent the loss of data files, but this confidence flies in the face of recent evidence to the contrary.”
Other findings include:
– 24 percent of those studied have already suffered a data breach where Personally Identifiable Information (PII) was stolen or accessed by intruders.
– 36 percent of respondents do not have confidence in their incident response plan.
– 51 percent of respondents are only somewhat confident that their security controls can detect malicious applications.
– 40 percent of respondents said they do not believe that recent high profile cardholder breaches have changed the level of attention executives give to security.
“It is great that recent breaches have increased cybersecurity awareness and internal dialogue,” said Dwayne Melancon, chief technology officer for Tripwire. “However, the improved internal communication may be biased by a false sense of security. For example, 95 percent of respondents said they would be able to detect a breach on critical systems within a week. In reality, nearly all of the recent publicly disclosed breaches have gone on for months without detection.”
Melancon continued: “Furthermore, only 60 percent of respondents believe their systems have been hardened enough to prevent the kind of data loss similar to that seen in recent high profile breaches. These attitudes seem to indicate a high degree of overconfidence or naiveté among information security practitioners. I believe a number of these organizations may be in for a rude awakening if their systems are targeted by criminals.”
Tripwire is a leading global provider of risk-based security and compliance management solutions, enabling enterprises, government agencies and service providers to effectively connect security to their business. Tripwire provides the broadest set of foundational security controls including security configuration management, vulnerability management, file integrity monitoring, log and event management. Tripwire solutions deliver unprecedented visibility, business context and security business intelligence allowing extended enterprises to protect sensitive data from breaches, vulnerabilities, and threats. Learn more at www.tripwire.com, get security news, trends and insights at http://www.tripwire.com/state-of-security/ or follow us on Twitter @TripwireInc.