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Your IT security team is flying blind on malware. Here's why

From SC Magazine

"A new report from The Ponemon Institute reveals that security staff spend a significant portion of their time chasing up 'false positive' malware alerts, with faulty cyber intelligence to blame.

The Cost of Malware Containment report, which was commissioned by Damballa, found that security teams spend on average 272 hours each week responding to 'false positive' alerts that are either erroneous or inaccurate. Researchers said this equates to an average cost of £515,964 annually for each firm in lost time.

The survey, which was of 551 IT and IT security practitioners across the EMEA, also found that firms were dealing with nearly 10,000 malware alerts each week and yet only 22% of these – just over a fifth – were considered reliable. Perhaps more worryingly, respondents said they deemed only 3.5% of all alerts serious enough to warrant further investigation.

‘This suggests that IT teams are struggling with the resources, or expertise, to block or detect serious malware,’ said the report's summary.”

Read more at SC Magazine

NCC Weekly News Update 21 July 2015



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