It’s clear that social media companies and the US Federal government have much to learn about our current threat landscape; but do security professionals trust both public and private companies to make informed, educated decisions to address these risks?
Last week, Venafi conducted a survey at RSA Conference 2018 to learn how industry professionals are responding to the growing intersection of cyber security, privacy threats and government regulation. Over 500 attendees responded to the survey and the results were rather shocking.
According to the survey, 70% of respondents say governments should regulate the collection of personal data by social media companies to protect user privacy. However, exactly what governments should do remains a bit unclear. 72% believe their government officials do not have a good understanding of the threats impacting digital privacy.
“These results are disturbing,” said Kevin Bocek, vice president of security strategy and threat intelligence at Venafi. “While security professionals agree that government officials do not understand the nuances of social media and digital privacy, they’re still looking to them to regulate the technology that permeates our daily lives.”
The survey also revealed a disturbing new wrinkle in the war on encryption. Nearly half (45%) of the respondents believe governments should be able to impose encryption backdoors on private companies. But, 74% admit their government officials do not have a good understanding of the current cyber threat landscape
Bocek concluded: "It’s disheartening that so many security professionals think encryption backdoors will somehow make us safer. There is no question that they will undermine our global economy and make digital communication much more vulnerable. Any backdoor will be extremely lucrative, so cyber criminals will spend an enormous amount of effort to steal one. And once a backdoor is leaked it’s certain to be available to the highest bidders on the dark web.”
Do you find our survey surprising and do you agree with the results?