Background Checks for Corporations and Consumers

Press Release - Source: CSO magazine

Chief Security Officers Remind Citizens of the
Danger of Cyberattacks and Recommend Tips

Thursday July 21, 10:45 am ET

CSO Magazine Survey Discovers High Number of
Background Checks on Job Applicants, New Vendors

FRAMINGHAM, Mass., July 21 /PRNewswire/ -- A new CSO Magazine Security Sensor(TM) survey of 389 chief security officers (CSOs) and senior security executives reveals the majority of security chiefs believe taking the right precautions will protect the average consumer from becoming a victim of identity theft. More than half of respondents (58%) say identity theft can be prevented, 28% believe identity theft is inevitable regardless of the precautions taken by consumers, while 15% are simply unsure. Of those who believe precautionary steps will help, respondents -- comprising the nation's leading security executives -- recommend ten tips in safeguarding against identity theft:

1. Do not share passwords or PIN numbers with anyone (95%)
2. Do not reply to, or click on links within, emails or pop-up messages that ask for personal or financial information (92%)
3. Update virus protection software regularly (91%)
4. Update security patches for web browsers and operating systems regularly (90%)
5. Protect your social security number at all costs (i.e., do not give it out unless it is mandatory) (90%)
6. Shred, or otherwise destroy, all documents with personal information prior to disposal (90%)
7. Monitor personal credit reports and statements from financial accounts regularly (89%)
8. Install firewall software (88%)
9. Before transmitting personal information online, verify that the connection is secure (i.e., check for an "s" after "http" in the URL, as well as a lock symbol in the lower right-hand corner of the screen, which indicates the transmission is encrypted) (84%)
10. Do not email personal or financial information (71%)

Only 2% of respondents recommend staying offline altogether as a precautionary measure. A complete list of recommended tips is available at http://www.csoonline.com/info/security_sensor_findings_
2005-07.pdf.

Interestingly, the majority of respondents (74%) believe the theft of an average consumer's identity is the fault of both consumers and organizations failing to implement security precautions. Only 16% believe theft is more likely as a result of organization's failure to protect personal information, while 8% believe lack of security precautions among consumers is more likely to lead to identity theft.

According to CSO magazine editor, Derek Slater, "Cybersecurity really requires cooperation of individuals, companies and government, as these results indicate. The good news is that the steps CSOs recommend for consumers are pretty straightforward. You don't have to be a computer expert to greatly reduce your risk of identity theft."

CSOs on Digital Pearl Harbor and Securing Cyberspace:

Forty-five percent (45%) of respondents anticipate a "digital Pearl Harbor" (i.e., a situation where a dedicated group of cyber-terrorists or malicious hackers plunge America into chaos by using computer-technology and the Internet to attack national critical infrastructure) in the future, with 32% anticipating an attack to occur in more than one year and 10% anticipating it to occur within 7-12 months.

Although almost half of security executives responding to the survey anticipate digital Pearl Harbor, the majority of respondents (59%) are not confident in the U.S. government's ability to successfully secure the U.S. information infrastructure and respond to cyber emergencies. When asked how government could better safeguard cyberspace for its citizens, the top answer from respondents is a tie between establishing better communication with and among the private sector (71%) and educating more people about cybersecurity roles and capabilities (71%). Other high-scoring recommendations include: make cybersecurity a greater priority (70%), educate the nation's critical infrastructure on cybersecurity risks and how to respond to cyber emergencies (68%), and develop national cyberthreat and vulnerability evaluationsand cybersecurity contingency strategies (64%). Of note, 49% of respondents believe consumers, the private sector and the U.S. government are equally responsible for securing cyberspace.

CSOs on Background Checks:

On the topic of background checks, three out of four security executives (78%) say their organizations conduct background checks when making hiring decisions for all new employees. According to respondents' answers, organizations also conduct background checks when making hiring decisions for specific positions such as management positions or other positions deemed "security sensitive" (55%), when making hiring decisions for temporary workers (43%), when security concerns about current employees are raised (37%) and when making hiring decisions for employees from other countries (28%).

Among the respondents whose companies conduct background checks when considering hiring a new job applicant, the most common types of background checks conducted are: criminal records (89%), address, both present and previous (88%), previous employment history (81%), education records (68%), social security number verification (68%) and character references (67%). Respondents whose companies conduct background checks on new vendors or potential business partners reveal the most common types of checks are: basic financial summary (63%), address, both present and previous (60%), bankruptcy, liens and judgments (54%) and business affiliations (50%).

CSOs at Home

CSOs are also facing cyber security threats on the home front. Survey findings reveal the majority of respondents (and/or someone in their household) experience spyware/adware (75%), virus or other malicious code (71%) and phishing attacks (59%) at home. One in four (24%) respondents cites exposure of private or sensitive information by a third party as something someone in their household personally experienced. Only fourteen percent (14%) of security executives and/or their household members have personally experienced identity theft. Of those respondents who have experienced identity theft in their household, the average dollar amount loss is $1,558.

Methodology:

The CSO Magazine Security Sensor(TM) survey is conducted online between June 8, 2005 and June 28, 2005 among 389 chief security officers and other security executives who subscribe to CSO magazine. An email invitation containing a link to the survey was sent to 15,000 CSO subscribers, receiving 389 completed surveys. Respondents have average company revenues of $8.8 billion, average security budgets of $17.6 million and an average number of 22,835 employees.

CSO subscribers are pre-qualified security executives with security purchasing authority at their organizations. The sample was chosen randomly and each CSO magazine subscriber has an equal probability of being selected. Results have a +/- 5.0% margin of error.

About CSO

Launched in 2002, CSO magazine provides chief security officers (CSOs) with analysis and insight on security trends and a keen understanding of how to develop successful strategies to secure all business assets-from people to information and financial value to physical infrastructure. The CSO portfolio includes a companion website (http://www.CSOonline.com), the CSO Perspectives(TM) conference and the CSO Executive Council(TM). The magazine's carefully targeted, controlled circulation of 27,000 security leaders hail from the private and public sectors. The U.S. edition of the magazine and website are the recipients of more than 50 awards to date, including the American Society of Business Publication Editor's Magazine of the Year award as well as eight Jesse H. Neal National Business Journalism Awards and Grand Neal runner-up honors two years in a row. Licensed editions of CSO magazine are published around the world, in countries including Australia, France and Sweden. The CSO Perspectives(TM) conference, the first face-to-face conference designed for CSOs and featuring speakers from the national stage and the CSO community, offers educational and networking opportunities for pre-qualified corporate and government security executives. The CSO Executive Council is a professional organization of CSOs created to advance strategic security practices. CSO magazine, http://www.CSOonline.com, CSO Perspectives conference and the CSO Executive Council are produced by International Data Group's award-winning business unit: CXO Media Inc.

About CXO Media Inc.

CXO Media Inc. produces award-winning media properties and executive programs for corporate officers who use technology to thrive and prosper in this new era of business, including CIO, CMO, CSO magazines and websites, Darwinmag.com and two executive communities: the CIO Executive Council and the CSO Executive Council. CXO Media is a subsidiary of International Data Group (IDG), the world's leading technology media, research and event company. A privately-held company, IDG publishes more than 300 magazines and newspapers including Bio-IT World, CIO, CSO, Computerworld, GamePro, InfoWorld, Network World, and PC World. The company features the largest network of technology- specific websites with more than 400 around the world. IDG is also a leading producer of more than 170 computer-related events worldwide including LinuxWorld Conference & Expo®, Macworld Conference & Expo®, DEMO®, and IDC Directions. IDC provides global market research and advice through offices in 50 countries. Company information is available at http://www.idg.com.

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