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Study Finds EU Companies Reluctant To Publicly Announce Data Breaches

A recent study by AlienVault uncovered some interesting statistics about data breaches and corporate responsibility:

"... only 2% of surveyed [European Union] companies would be willing to go public should they suffer a security breach. 38% opted to inform the relevant authorities and 31% said they would tell their employees. A mere 11% said they would share the information with the security community."

The reluctance of companies to publicize data breaches seems to be an attempt to balance the need to prevent future attacks against the need to minimize damage to their brands. Additional statistics from the survey: 5 percent of survey respondents said they would do nothing after a malware attack to their systems. Half of survey respondents said that after an attack they would share intelligence with competitors; 35% anonymously and 15% would reveal their company name.

Sharing information is important. Barmak Meftah, President & CEO of AlienVault said:

"The growing complexity and sophistication of threats make it difficult for security professionals to have a clear view of possible vulnerabilities, threats, and attacks that are out there... Sharing information about the source and nature of attacks allows the security community to act fast, and quickly isolate malicious or compromised hosts... In addition, it helps identify attack methods, tools and patterns, all of which help fuel research on new defense technologies."

AlienVault provides organizations with limited security staff and budgets with methods to address data security compliance and threat management.

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