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Survey: Retailers confident in breach detection
Portland, Ore. - U.S. retail firms are confident in their ability to detect data breaches. According to a recent survey of 154 retailers by security solutions provider Tripwire, when asked how quickly their organizations would detect a breach, 42% of respondents said it would take 48 hours, 18% said it would take 72 hours, and 11% said it would take a week.
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What the CFO Needs to Know: Data Breaches
▲ Data breaches are on the rise: Mounting an attack on retail systems has become increasingly attractive to attackers because malware can be delivered at very low cost, according to Mark Bower, VP product management and solutions, Voltage Security, a Cupertino, California, provider of data-centric encryption and tokenization.
“So it becomes very attractive to attackers to try and steal credit card and personal data they can monetize very quickly,” he added.
As to the role of a financial chief, “the CFO has the responsibility to look at overall r