APT summit security breach discussions point to need for security solutions

APT summit security breach discussions point to need for security solutions

According to a report by eWeek, more than 100 top executives from major companies recently attended a summit on Advanced Persistent Threats in Washington, D.C., with many admitting that their companies had been successfully hacked at least once by sophisticated criminals trying to steal sensitive data. A number of them even confessed that they might not even know if their data security had been breached. Earlier this week, TechAmerica and RSA each released summaries of some of the summit’s key findings, the summarizing report of which is due next month.

Eddie Schwartz, security chief of RSA Security, reported to eWEEK that he was surprised at how pervasive APT activity has become. "Literally everyone had something to say,” said Schwartz, indicating that many of the discussed breaches had not yet been publicly disclosed despite the fact that customers could have been affected. "The frequency and volume of attacks have reached pandemic levels," Schwartz added.

Companies are placing a higher value on PCI compliance, according to a recent study conducted by nCircle. nCircle’s research found that 69 percent of the respondents contended that they would be more likely to do business with a PCI compliant vendor than a non-compliant company. This number is up from 63 percent last year.