Are Companies Getting Hacked More Often?
The increase in reported data breaches is due to new SEC regulations requiring public companies to disclose breaches within four days, alongside various state laws and international regulations like GDPR, which mandate breach notifications, though some companies may remain unaware of breaches due to poor security or undetected hacker operations.
MAIN POINTS FROM TRANSCRIPT
- SEC mandates public companies to report data breaches within four days.
- State laws require breach notifications if companies have customers in those states.
- GDPR enforces breach notification laws for European companies.
- Companies may remain unaware of breaches due to poor security or stealthy hackers.
TAKEAWAYS
- Increased breach reports are partly due to new disclosure regulations.
- Private companies are subject to various state and international notification laws.
- Some breaches remain undetected due to inadequate security measures.
- Hackers may keep access to data undetected for extended periods.