63 Percent of Organizations Believe They Can’t Stop Data Theft

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  •  Dec 12, 2013
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A survey of 5OO global security professionals in India on their organisation’s ability to protect themselves from attacks revealed some interesting facts

The survey report released by Websense and the Ponemon Institute uncovered a deficit in security solution effectiveness; a disconnect between company executives and security professionals; and limited visibility into attack activity. Here are the insights on the current threat landscape and organisation’s ability to protect themselves from attacks.

Deficient in Security Solution Effectiveness

  • Fifty-seven percent of respondents do not think their organization is protected from advanced cyber attacks and 63 percent doubt they can stop the exfiltration of confidential information. 
  • Most respondents (69 percent) believe cybersecurity threats sometimes fall through the cracks of their companies’ existing security systems.
  • Forty-four percent of companies represented in this research experienced one or more substantial cyber attacks in the past year.
  • Fifty-nine percent of companies do not have adequate intelligence or are unsure about attempted attacks and their impact. Further, 51 percent say their security solutions do not inform them about the root causes of an attack or they are unsure.

Disconnect on the Perceived Value of Confidential Data
-82% of respondents say their company’s leaders do not equate losing confidential data with a potential loss of revenue

-Ponemon Institute research indicates that the average cost of an organizational data breach is $ 5.4 million (global)

-46% say their board-level executives have a sub-par understanding of security issues 

In the dark

  • Only 39% believe they have a good understanding about the threat landscape facing their company
  • 54% of respondents could say with certainty that their organization lost sensitive or confidential information as a result of a cyber attack
  • 32% of those who had lost sensitive or confidential information did not know exactly what data had been stolen 

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