Enterprises fear brand damage more than data breaches

The biggest fear for organizations is long-term damage to brand and reputation, yet despite this three quarters lack a comprehensive risk management strategy. This is one of the findings of a survey for risk intelligence company RiskVision carried out by the Ponemon Institute, it reveals that 63 percent of organizations are worried about reputation and brand damage. This is followed by security breaches (51 percent), business disruption (51 percent) and intellectual property loss (37 percent). But despite these fears 76 percent say they either don't have a clearly defined risk management strategy in place or the one they do have… [Continue Reading]