Security News > 2022 > October > After a cyber breach, companies risk losing employees’ trust

54% of office workers would reconsider working for a company that had recently experienced a cyber breach, according to a study by Encore.

An independent study of 100 C-level executives, 100 chief information security officers and 500 office workers in the US and the UK, conducted by Censuswide, sought to uncover the gap that remains between boards and security teams when it comes to addressing cyber demands.

Most office workers were unaware, with only 39% believing their organization had been the victim of a successful cyber breach.

"But security teams are learning that there is a long tail to these breaches, with employees at risk of losing faith in their company, its ethics and values and its overarching responsibilities to the general public. In a competitive market, this is a stark warning to businesses across the world. Keeping your staff in the dark about cyber risk is a fundamental error, not to mention the additional impact of delayed disclosure to customers."

Despite many admitting to suffering a cyber breach in the last year, 92% of CISOs and C-level executives polled believe their business is secure at any given moment.

Kotze concludes: "Being able to instil confidence in a wide range of stakeholders, from clients to investors to staff, is fundamental to the modern business. Trust is the bedrock of success and should be the same for security as it is as a business enabler. If all companies prepare and respond to threats as if their existence is at risk, our chances of blocking or swiftly responding to attacks is considerably higher. Cybersecurity is no longer enough; we need to channel cyber safety to build resilience and establish trust both internally and externally."

News URL

https://www.helpnetsecurity.com/2022/10/28/office-workers-cyber-breach/