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Labour calls for compulsory cyber attack reporting

Editorial Type: News     Date: 04-2014    Views: 1711   






The Labour Party has called for a new defence review to consider creating a statutory requirement for firms to report serious cyber-attacks

In response, Arabella Hallawell, vice president of corporate strategy for Arbor Networks, gave this reaction: “Arbor’s new research, conducted with the Economist Intelligence Unit, shows that two-thirds of CISO and senior IT executives surveyed believe that responding effectively to an online breach can enhance their firm’s reputation.

“However, at the same time, most firms remain reticent about disclosing incidents, with 57% saying that they do not voluntarily report incidents, unless legally required to do so. There is also little support among executives for regulation requiring businesses to make all incidents public – only 22% believe it would be worthwhile, while more than double that number believe it would do more harm than good.

“Yet the malicious threats that organisations face today are evolving so quickly that keeping up to speed, with limited visibility, is very difficult. More requirements to disclose incidents will hasten organisational maturity in developing effective response plans that better protect customers and their business. The trend is towards more disclosure of breaches, whether being forced by regulators, customers or emerging best practices.”

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