SMEs more afraid of cybercrime than Brexit

SMEs are more worried about the threat of cyber crime than they are about Brexit, a new survey from Barclaycard has revealed. In a poll of 500 SMEs, 44% said they fear being a victim of a cyber crime or data breach, whereas 34% expressed their concern over the affect Brexit will have on their business.

Britain’s SMEs are shifting the billions spent each year on hiring traditional experts, such as legal and procurement consultants, to leverage the skills required to survive in an increasingly digital world, including those for cybersecurity and new payments technology.

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COSO Updated ERM Framework to be Issued Mid-2017

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The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is completing its evaluation of public exposure comments regarding an update to the 2004 Enterprise Risk Management — Integrated Framework, with release expected in mid-2017.

Read the press release here.

Healthcare Data Breaches Top Reported Data Security Incident

A recent study revealed that healthcare data breaches accounted for 39 percent of data breaches in 2015.

Healthcare data breaches were the most common type of data security incident reported in 2015, according to a recent study by Symantec Corporation.

Healthcare data breaches top security incident

Researchers found that approximately 39 percent of breaches during the year occurred in the health services sub-sector.

“This comes as no surprise, given the strict rules within the healthcare industry regarding reporting of data breaches,” explained the authors of the study. “However, the number of identities exposed is relatively small in this industry. Such a high number of breaches with low numbers of identities tends to show that the data itself is quite valuable to warrant so many small breaches.”

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