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80% of businesses can't properly manage external cyber attacks

From TechRepublic

"Cyber attacks may cost businesses big bucks, but that doesn't mean that organisations are prepared for them. According to a report released Monday, 79% of IT and IT security professionals don't have the proper infrastructure to identify and defend against cyber attacks.

The report, Security Beyond the Traditional Perimeter, based on research conducted by the Ponemon Institute and sponsored by BrandProtect, was based on answers from 591 respondents from 505 different companies. On average, these companies experienced more than one cyber attack per month and cost them roughly $3.5 million a year. If that seems like a lot of money, consider the prediction that, by 2019, cyber crime will cost businesses $2 trillion, according to Juniper Research.

‘The majority of security leaders understand that these external internet threats imperil business continuity,’ said Larry Ponemon, president of the Ponemon Research Institute. ‘The study highlights a gap in defences against threats that have proven to be extremely effective for cyber criminals and costly for enterprises.’

This report focused primarily on external threats, such as ‘socially engineered attacks, executive impersonations, brand-based attacks with ransomware, malware or other payloads, rogue social domain activity, hacktivism/activism and activities which violate compliance or regulatory requirements.’”

Read more at TechRepublic


NCC Weekly News Update 19 July 2016 

 

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