A survey of IT professionals by Hungarian security firm Balabit on the current status of their security investigations has revealed that though 75% of organizations set deadlines for probing and reporting breaches, 44% could not meet them last year – leading to serious consequences for 7%.
Balabit also discovered that 70% of companies have to report security incidents to external authorities, but the majority do not set time limits for it. This data is not encouraging in the face of the EU-US Privacy Shield and even as EU prepares for data protection rules from May 2018 which signals severe penalties on failure to report a breach within 72 hours.
