A recent Kaspersky survey has discovered that two-thirds (67 per cent) of industrial organizations do not report cybersecurity incidents to regulators. They perhaps to avoid regulatory punishments and public disclosure that can harm their reputation.
However, it is not compliant with the regulations and ethically illegal for sure. This behavior does not help the company has more quality of cyber security that defense the cyber-attack. The investments on cybersecurity have not been taken seriously for some small business, which make small companies easier to become the target of hackers.
https://www.deccanchronicle.com/technology/in-other-news/311019/67-per-cent-of-industrial-organizations-do-not-report-cybersecurity-in.html
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