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Two Years Later: Reflections from “The Breach”

November 6th, 2015 | No Comments | Posted in Data Security, IT Industry, Security

target-100221410-largePresident and CEO of Vormetric, Alan Kessler, blogged earlier this week concerning the far-reaching impacts of the Target breach – reflections from almost two years later. Alan remonstrated in his article that the Target breach was the most visible mile marker in 2014, a year full of breaches and continuing into 2015, and he went on to discuss and reflect on some of the other specific breaches.

In this article, I would like to reflect on some of the industry-wide changes that have taken place since the Target breach.

“The Breach”

The Target breach was so significant that for at least the first year afterward, it was referred to, especially in security circles and even on the news, as simply “The Breach.” And as Alan has already detailed, that breach was merely a harbinger of things to come with major breach after major breach taking place after the Target breach.

But what has been the impact of all these breaches? As one would expect, reactions and responses to “The Breach” by organizations have been all over the map.  Some have, as the saying goes, not “let a good crisis go to waste” and have become better companies as a result. Others have not fared or reacted as well.

While “The Breach” and the major breaches afterward has led most major retailers to reevaluate their data security approach, the retail edition of the Vormetric 2015 Insider Threat Report shows that retailers still have a long way to go. Over 51% of retail respondents reported being very or even extremely vulnerable to insider threats – the highest rates measured in the study. Many of these organizations continue to invest in security and utilizing traditional approaches that have proven over the last two years to be insufficient.

While the threat obviously still remains high and a number of organizations still admit they have a long way to go, positive changes have taken place since “The Breach” (hereafter referred to simply as the breach) that are moving the retail industry and other industries along in a positive direction.
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