Kiwi disclosure law could boost security, says Symantec

New SMB survey shows high levels of data loss in ANZ.

A new survey of small and medium sized businesses shows 58 per cent of Australian and New Zealand companies suffered a data loss or breach that affected business performance. The survey, by security company Symantec, found 69 per cent of these organisations reported losses due to systems breakdown or hardware failure, 49 per cent through onsite and natural disasters, 47 per cent through human error, 45 per cent through a lost or stolen laptop or other protable device and 39 per cent through deliberate sabotage by an employee.

The survey received 1425 responses across 17 countries. One hundred responses came from Australia and New Zealand.

The ANZ loss rate is well above the global average of 41 per cent and even further away from the US rate of 29 per cent and Canada's loss rate of 27 per cent.

Steve Martin, Symantec's SMB manager for the Pacific region, says that may be due to the lack of data breach disclosure laws in the region.

"The same sorts of breaches are happening here," he says, "but there is no requirement to publicly disclose them. It's easier to keep it quiet and out of the press."

Read more at Computerworld NZ>

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