67 per cent of industrial organizations do not report cybersecurity incidents

A recent Kaspersky survey has discovered that two-thirds (67 per cent) of industrial organizations do not report cybersecurity incidents to regulators. Though remaining compliant in modern industrial business is a necessity and a driver for investment, there are many factors that influence how companies follow compliance rules.

Kaspersky’s State of Industrial Cybersecurity 2019 report shows that many companies are flouting reporting guidelines – perhaps to avoid regulatory punishments and public disclosure that can harm their reputation. In fact, respondents said that more than half (52 per cent) of incidents lead to a violation of regulatory requirements, while 63 per cent of them consider loss of customer confidence in the event of a breach as a major business concern.