A majority of Americans are concerned about data breaches involving large organizations, but are evenly mixed on whether legislation should require private businesses to share cyber attack information with the government, according to new research conducted by Unisys Corporation (NYSE: UIS).
Results from the Unisys Security Index, which regularly surveys more than 1,000 Americans on various areas of security concern, showed high levels of concern about data breaches among Americans.
Respondents to the survey said they were most worried about data breaches hitting their banks and financial institutions, with two-thirds (67 percent) reporting concern.
Here at the TechJournal, we see weekly reports of companies, agencies and organizations suffering serious cyber intrusions, the theft of personal information, and high costs of repairing their security. The old saying that an ounce of prevention is worth a pound of cure seems applicable here.
Split on federal legislation
A majority of Americans surveyed also reported concern about data breaches involving government agencies (62 percent), health organizations (60 percent) and telecommunications and Internet service providers (59 percent).
Findings released last month from the same survey also showed most Americans harbor some level of concern about identity theft (83 percent) and credit card fraud (82 percent), both of which can arise from breaches at large organizations.
Despite these concerns, Americans polled were split on whether federal legislation to strengthen the country’s cybersecurity defenses should require organizations like banks, utilities and healthcare organizations to disclose breaches to the government.
Roughly half (48 percent) of respondents said they do not believe private businesses should be forced to disclose and share cyber attack intelligence, but a similar proportion (46 percent) said they think Congress should pass cybersecurity legislation mandating that the private sector share cyber-attack information with the government.
You have to wonder why people worry about having these security breaches disclosed. What are they hiding besides lax security?
Cost of breaches outweigh those of prevention
The poll was undertaken in March, via 1,006 telephone interviews, approximately a month before the controversial Cyber Intelligence Sharing and Protection Act (CISPA) was passed by the United States House of Representatives. CISPA is not expected to be considered by the Senate this year, and many point to a lack of consensus on its information-sharing requirements as the reason.
“Americans clearly see a need for stronger methods to prevent cyberattacks, and many see a natural role for government in that process, but they differ on precisely how government and the private sector should interact in that regard,” said Steve Vinsik, vice president of enterprise security for Unisys.
“Regardless of where the legislation ends up, businesses and government agencies need to realize that the costs of breaches far outweigh those of prevention – and that Americans are paying close attention.”
They should be paying close attention. We don’t know anyone with digital segments in their business who has not had to deal with security problems and we know few private individuals who have not had to replace credit cards and change passwords due to these continuing security troubles.
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