Firms Watch Data Walk Out the Door

Wednesday, April 30, 2014 @ 02:04 PM gHale


In this age of connectivity, with the plant floor connecting to the enterprise, security across the board becomes much more visible and vital.

Having said that, there is a deficit in enterprise security systems, a disconnect in how confidential data is valued and limited visibility into cybercriminal activity, said a new report from Websense and the Ponemon Institute entitled, “Exposing the Cybersecurity Cracks: A Global Perspective.”

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Findings in the survey of nearly 5,000 global IT security professionals show a global consensus they need access to heightened threat intelligence and defenses:
• 57 percent of respondents do not think their organization has protection from advanced cyber attacks and 63 percent doubt they can stop the exfiltration of confidential information.
• Most respondents (69 percent) believe cyber security threats sometimes fall through the cracks of their companies’ existing security systems.
• 44 percent of companies represented in this research experienced one or more substantial cyber attacks in the past year.
• 59 percent of companies do not have adequate intelligence or are unsure about attempted attacks and their impact. Further, 51 percent said their security solutions do not inform them about the root causes of an attack or they are unsure.
• According to respondents, there is a gap between data breach perception and reality – specifically regarding the potential revenue loss to their business. 80 percent of respondents said their company’s leaders do not equate losing confidential data with a potential loss of revenue. This is in contrast to recent Ponemon Institute research, which indicates data breaches have serious financial consequences for organizations. The average cost per lost or stolen record due to a data breach is $188 and the average cost of an organizational data breach is $5.4 million.
• 48 percent said their board-level executives have a sub-par understanding of security issues. However, cyber security awareness has most likely increased from that of a few years ago.
• Less than half of the respondents (41 percent) believe they have a good understanding about the threat landscape facing their company.
• Only 37 percent of respondents could say with certainty their organization lost sensitive or confidential information as a result of a cyber attack.
• 35 percent of those who had lost sensitive or confidential information did not know exactly what data ended up stolen.

“While there are significant differences among countries for specific questions (such as availability of cyber attack intelligence), the overall analysis indicates that a majority of security professionals do not feel adequately armed to defend their organizations from threats,” said Dr. Larry Ponemon, chairman and founder of the Ponemon Institute. “This challenge is further compounded by a perception that company leaders do not believe that data breaches will lead to loss of revenue. Our research has shown this is simply untrue.”

The report surveyed IT security practitioners with an average of 10 years’ experience in the field from 15 countries: Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Italy, Mexico, the Netherlands, Singapore, Sweden, United Kingdom and the United States.

Click here to register for the report.



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