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ISOC says companies aren't doing enough to minimize security breaches

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November 28, 2016

The ISOC (Internet Society) is the latest organizing body that asserts-- 'Internet security is a joke. Now fix it in a proper manner'.

The news was reported by Ipsos, on behalf of the Centre for International Governance Innovation. It states that several years of important data loss and security breaches are having a huge impact.

In its latest report released last week, it quotes a fifty-four country, 24,000-respondent survey reporting a long-term end user trend to become more fearful in using the Internet, and that the trend is getting worse, not better.

The report's author, economist and ISOC representative Michael Kende, asserts that companies and various organizations aren't doing enough to control security breaches.

“According to the Online Trust Alliance, about 93.2 percent of most security breaches are preventable” he added, but “the steps needed to mitigate the cost of online security breaches that do occur are simply not taken. Attackers cannot steal data that is not stored, and cannot use information that is encrypted either.”

ISOC added that in 2016, the internet is simply too interconnected for any single stakeholder to carry the burden, saying that organizations have “to share a collective responsibility with other stakeholders in oder to secure the data ecosystem as a whole. This includes security vendors, employees, governments, and others. Should one of these links not function, the entire trust chain could be broken,” it asserted.

“Protecting users should be a goal in its own right”, ISOC says, as well as being a “business necessity”. One reason organizations everywhere don't pay enough attention to security breaches is that it doesn't cost them enough, partly because what a security incident costs users isn't fully borne by an organization that's been breached in the first place”.

With so many users at the centre of security problems, breached companies should “include the costs to both users and organizations when assessing the costs of data security breaches,” asserts the Internet Society.

The 2nd recommendation is even more obvious, except that there are so few countries that even bother with security-- “Increase transparency through data breach notifications and disclosure is paramount,” said the ISOC.

And that feeds directly into the 3rd recommendation, because full disclosure would certainly help companies to greatly improve their data security, and in a timely manner.

The 4th recommendation, if it gets any traction at all, is that the backlash from various businesses will be immense: “General rules regarding the assignment of liability and the remediation of data breaches must be established up front,” ISOC strongly asserted in its recommendations.

ISOC is hoping that all of that would create a market for various systems and security measures that are trusted, because they're independently assessed.

And, needless to mention, I-of-T (Internet of Things) vendors aren't already feeling beleaguered-- the ISOC singles them out many times in the report, and to this day, almost no consideration is given to the IoT segment of the industry when it comes to data breaches.

The tremendous reach of the Internet of Things simply means that the default position of the many affected software companies (IE: “You clicked on the licence, which limits our liability”) simply won't cut it at all.

“This serious lack of liability and accountability could lead to significant casualties imposed by a broader range of device makers including health devices, baby monitors, and an even wider variety of sensors,” the report asserted.

When the IoT device in question is a connected (read: moving) car or a healthcare device, ISOC says disclaimers simply aren't good enough, because “the attack or security breach can also extend to personal safety, potentially at the cost of human life or serious bodily injury.”

Source: The Internet Society.

Sponsered ads:
Read the latest IT news. Visit ItDirection.net. Updated several times daily.

If you need reliability when it comes to SMTP servers, get the best, get Port 587.

Get a powerful Linux Dual-Core dedicated server for less than $2.67 a day!

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