Companies are underinvesting in the technology needed to protect themselves from cyber security threats, according to Gemalto’s fourth annual Data Security Confidence Index, released today (11 July).
“It is clear that there is a divide between organizations’ perceptions of the effectiveness of perimeter security and the reality,” said Jason Hart, vice president and chief technology officer for data protection at Gemalto. “By believing that their data is already secure, businesses are failing to prioritize the measures necessary to protect their data. Businesses need to be aware that hackers are after a company’s most valuable asset – data. It’s important to focus on protecting this resource, otherwise reality will inevitably bite those that fail to do so.”
Hart continues, “Investing in cybersecurity has clearly become more of a focus for businesses in the last 12 months. However, what is of concern is that so few are adequately securing the most vulnerable and crucial data they hold, or even understand where it is stored. This is standing in the way of GDPR compliance, and before long the businesses that don’t improve their cybersecurity will face severe legal, financial and reputational consequences.”
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