Peter Dinham reports:
A majority of Australian IT decision-makers believe reporting of data breaches to regulators will help prevent cyber crime.
Surveyed by global security vendor Palo Alto Networks, 79% of IT decision-makers agreed that reporting breaches to regulators should be mandatory and 69% believed reporting of data breaches to regulators would help prevent cyber crime.
Are 69% being optimistic, naive, or both? We have mandatory disclosure here in the U.S. Have Australian experts noticed that we haven’t seen any decrease in cybercrime since 2005 and thereafter as state laws were implemented?
At first we consoled ourselves, telling ourselves that hey, it takes a few years for laws to have any impact. But it’s painfully obvious by now that breach disclosure laws do not really help prevent cybercrime. No, no company wants the bad press for a breach or the risk of litigation, but these laws do not do enough to prevent cybercrime.
Read more on iTWire.