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Cyberattacks Scare Investors; Should Companies Share Breach Data?

DATA PROTECTION—U.S.

February 27, 2013

Network World reports data breaches aren’t just bad news for consumers, they scare away potential investors. That’s according to a study released Monday in which the 405 investors surveyed said they would be skeptical of companies targeted by cyberattacks one or more times. At the RSA Conference in California yesterday, Chairman Arthur Coviello said companies should start sharing information on hacks with each other and use Big Data to thwart future attacks. Meanwhile, California’s Crescent Healthcare has begun notifying patients and employees of a data breach that occurred late last year. Social Security numbers may be among the stolen data.
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