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<b><i>Online Extra:</b></i> U.S. and UK Corporations Sustain High Levels of Digital Vulnerabilities

BY Juliana Kenny
October 01, 2015

If there is any major concern corporations bear this year having watched last year's round of large-scale, invasive, expensive data hacks, it is the one of cyber security. As the digital landscape extends itself across both consumer and commercial realms, corporations have much at stake in terms of retaining sensitive data, identity data, and customer data. In 2015, Centrify ' an identity management company ' surveyed more than 400 IT decision makers in the U.S. and UK to grasp the scope of how secure they believe they are and should be. The group asked: How much are hackers costing organizations that don't make the front page like Sony?

Centrify'uncovered'a few alarming statistics: 53% of U.S. respondents said it would be at least somewhat easy for a former employee to still log in and access data. In the UK, the number is 32%. That fact leaves large holes for vulnerability, secure access, and visibility gap. With half of respondents noting that it can take up to a week or more to remove access to sensitive systems, those figures point to a great need for the securing the digital perimeters of a company ' particularly regarding employees who might still have access to sensitive data.

In terms of hard cost, Centrify found that organizations are far more vulnerable than they want to admit. Fifty-five percent of U.S. respondents said their organizations had been breached in the past, and 44% had breaches that collectively cost millions of dollars. Forty-five percent of UK respondents said their organizations had been breached in the past, and 35% had breaches that cost millions of dollars.

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