Strong online security important to counter retailer breaches
Geetanjali Minhas | November 15, 2014
Eighty-eight percent Indian consumers have read or heard about major retailer data breaches in the past year but fewer than half (45%) admit that data breaches by retailers have increased their concerns about their personal data privacy during the same period. Majority (46%) of those surveyed characterise the way they manage data privacy on connected devices they own such as Take-Charge rather than Reactive (39%) or Passive (15%). These are the findings of the 2014 Information Systems Audit and Control Association (ISACA) IT risk/reward barometer.
Further, despite knowing about retailer data breaches and claiming they are taking charge of their privacy fewer than half (47%) have changed an online password or PIN code. One-third started using cash more frequently over credit cards while shopping, and 29 percent shopped less frequently at one or more of the retailers that experienced a data breach.
“One of the biggest takeaways from this year's study is the significant gap between people's concerns about protecting their data privacy and security versus the actions they take,” said ISACA international vice-president Vittal Raj.
“Consumers must protect their personal information by creating a strong password unique to each account, protect their devices with current security software and verify that online transactions are secured by looking for a padlock icon displayed in the browser especially for online shopping,” the report mentioned.
The study is based on September 2014 online polling of 1,646 ISACA members - IT, business professionals and consumers from 110 countries. Additional online surveys were fielded by M/A/R/C Research among 1,209 consumers in the United States, 1,001 consumers in the UK, 1,007 consumers in India and 1,007 consumers in Australia.
The survey also showed that consumers have conflicted attitudes about the benefits of connected devices such as smart watches and connected cars and massive related breaches.Increasing use of wearable’s and other connected devices in everyday life has amplified the potential risk due to gap between knowledge and action.
The findings examine attitudes and behaviours related to the risks and rewards of key technology trends, including the 'Internet of Things', Big Data and BYOD (Bring Your Own Device). Among the top concerns, Indian consumers have about the 'Internet of Things' are someone hacking into the device and doing something malicious (25%), not knowing how the information collected by the devices would be used (20%), and companies or organisations being able to track an individual’s actions or whereabouts (16%).
“A majority of companies in India (41%) believe that the benefits of the 'Internet of Things' outweighs the risk for individuals and 33% say the benefits and the risks are appropriately balanced. However, 72% describe themselves as concerned about the decreasing level of personal privacy,” the report said.
The survey shows that few IT departments or workplaces in general are ready for the invasion of wearables. A third (31%) of Indian members said their organisations have plans in place to leverage the 'Internet of Things' but the majority is not ready for wearable tech. Close to half (43%) said their BYOD policy does not address wearable tech and another 31% do not even have a BYOD policy.
“The 'Internet of Things' and the proliferated use of it should emerge as a strategic initiative instead of a tactical plan. Companies should take an ‘embrace and educate’ approach to these devices by creating clear policies and educating employees on appropriate use that can result in increased productivity — a benefit to the enterprise,” said Sunder Krishnan, CISA, chairman of ISACA’s India growth task force and past president of the ISACA Mumbai chapter.
Maharashtra has emerged the epicentre of the Novel Coronavirus outbreak in the country with Mumbai reporting the highest number of cases in the state. With more and more healthcare providers getting infected, hospitals are becoming the hotbeds of virus perpetuation. On Monday Wockhardt hosp
As Indians switched off lights in homes and lighted lamps and candles Sunday night following prime minister Narendra Modi’s appeal as a gesture of solidarity in the fight against COVID-19, the power grid held up well despite the sudden drop in demand. In a short video message on Friday
Contrary to the perception that the elderly are more at risk from Covid-19, in India as many as 41.88% of corona positive cases are between 21 to 40 years of age. Also, 32.82% positive cases are between 41 to 60 years, followed by 16.69% cases above the age of 60 years and 8.61% coronavirus positive cases
In view of the increasing number of COVID -19 cases in the country, the ministry of health and family welfare (MoHFW) has now advised that everyone must voluntarily wear a mask and especially those living in densely populated areas. Not just as a matter of maintaining personal hygiene
In the face of the Covid-19 pandemic, people of India have realized their collective strength, prime minister Narendra Modi said in a short video message Friday morning. He also urged people to light lamps Sunday night as a gesture of this collectivity. “Today marks nine days of the na
Demobilization, like its predecessor – demonetization, is another decision gone bad in implementation. In both instances a careful public administrative action through its governance systems could have saved the magnitude of impact particularly on the most vulnerable sections of the society. Th