Strong Defense Tactics Needed Against Cyber Attacks

Companies should identify key controls for data security and privacy, just as they do for financial processes.

While companies recognize the value of their data, protecting against sophisticated cyber attacks at all hours of the day seems impossible. Earlier this month, tech writer Mat Honan made headlines when his entire digital life was hijacked and deleted on a hacker’s whim. Even IT security executives lack confidence in their ability to protect against security threats.

“Hackers are very good and very patient,” warns Carolyn Holcomb, leader of the data protection and privacy practice at PwC. “And they are in most organizations’ systems.”

Most IT executives don’t feel confident that they can protect sensitive data from attack, according to a survey of 100 companies that Stiennon put together with cybersecurity solution provider CounterTack. One-third of those whose companies had already been attacked were skeptical that they could defend themselves against a second attack, and a fifth of respondents didn’t think their organization would be able to tell if a file or process had been modified by a cyberattack.

The PwC study emphasizes the importance of management and internal audit to protect against data breaches.

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