Businesses Can No Longer Keep Cyberattacks Under Wraps

Reporting regulations to make breaches known are already in place in the EU and in 36 U.S. states

Image: Dreamstime

“Some have suggested that only 25% of cybersecurity incidents are reported; others say only about 18%, while others say that 10% or less are reported.”

Thirty six states have already enacted new cybersecurity legislation.

However, it’s not at all clear what constitutes the kind of serious cyber incident that should be reported amid the large number of such incidents that companies face every day.

Companies and regulators must strike a balance.

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