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Monday, 26 August 2013 15:25

Data Security Lagging at Midmarket Industrial Firms

CIO — Even though midmarket industrial firms have valuable IP and business processes, they are lagging behind other industries when it comes to data security, according to a recent report by assurance, tax and consulting firm McGladrey.

"A lot of the executives we asked about security risks don't believe their data is at risk or is at very little risk," says Karen Kurek, leader of McGladreys industrial products practice and a member of the National Association of Manufacturing (NAM) Board of Directors. "Two-thirds of them said it was at little or no risk. I think in general, in this sector, a lot of people don't understand the potential exposure that they have."

"But we know that middle market companies very much are targeted," she adds. "Part of [the reason for their belief] is because ignorance is not bliss. There's this false sense of security. They don't know what they don't know until something happens to them."