View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Cybersecurity
November 28, 2014

Punishment should fit the data loss crime

UK consumers call for hasher penalties for organisations who lose customer data.

By CBR Staff Writer

More than half of UK consumers (59 per cent) believe organisations should face harsher penalties for losing sensitive data, according to research.

A survey of 1,000 consumers by market researcher One Poll, on behalf of security firm LogRhythm, found almost a quarter (24 per cent) of people feel that punishments currently levied are often unequal.

Despite wanting a more heavy-handed response to data loss, security breaches tend to leave the public consciousness quickly.

While 56 per cent of consumers said they would not do business with an organisation that has suffered a breach, as many as 61 per cent did not know of any businesses that had fallen victim.

"We’ve seen a number of high-profile organisations suffer security breaches this year, but it’s still surprising that so few people are able to recall them, even after the media storms surrounding breached organisations like eBay," said Ross Brewer, vice president and managing director for international markets at LogRhythm.

"Breaches have become so commonplace that people simply expect businesses to fall victim at some point, which is resulting in them becoming numb to these types of stories. In fact, 45 per cent said they felt it was inevitable that their data would eventually be compromised."

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU