Forget regulators and civil litigation, what companies likely fear most from a cyber incident is the possibility of losing business from concerned consumers.
July 09, 2019 at 11:30 AM
1 minute read
Reporter
Concerned about reputational damage and lost business, many companies are underreporting cybercrimes.
Half of cybersecurity respondents to ISACA’s “State of Cybersecurity 2019,” a survey of 1,500 cybersecurity professionals from each continent, said they believe most enterprises underreport cyber incidents they are required to disclose. What’s more, a quarter believed enterprises underreport incidents they’re not legally required to make public as well.
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