Most companies had external attack in past year
SECURITYBy BiztechAfrica - June 22, 2011, 11:38 a.m.
Kaspersky Lab reports that 91% of companies had at least one IT security event from an external source in the past 12 months.
This is just one of the results of the ‘ Global IT Security Risks’ survey conducted by Kaspersky Lab in partnership with B2B International, a global research agency.
More than 1 300 IT professionals in 11 countries participated in the survey.
The most common security threat comes in the form of viruses, spyware and other malicious programs. 31% of malware attacks resulted in some form of data loss, with 10% of companies reporting the loss of sensitive business data.
Only 70% of companies have implemented anti-malware protection solutions fully across their businesses whereby 3% have no protection at all.
The level of anti-malware implementation varies from country to country - in emerging markets 65% of companies have adopted it, while in the UK and US levels of implementation stood at 92% and 82% respectively.
Despite this, the vast majority of companies still experienced an IT security breach in the last 12 months, and almost a third lost business information.
“ Such an attitude is surprising when you know that almost half of all organisations see cyber-threats as one of the top-three emerging risks - IT strategy is ranked even higher than financial, marketing and human resources strategy,” said Alexander Erofeev, Director of Market Intelligence & Insight at Kaspersky Lab.
“ The most likely explanation is underinvestment in IT security.” Indeed, the study shows that every second company evaluates its IT security budget as insufficient, and estimates that an increase of 25% or more is required. Currently, the average investment in IT security is reported to be USD8,055 for small businesses, USD83,200 for medium-sized companies and USD3,263,476 for large corporations.
MORE SECURITY NEWS
Cloud, security event set for Zimbabwe in JulyThe Cloud Computing & Information Security Conference, CCISC 2013, will go ahead in Harare in July. Read More
Yahoo reported to be latest hack victimYahoo is reported to have become the latest high profile hacking victim, with reports suggesting up to 22 million login names may have been stolen by hackers. Read More
Compliance vital for biometric systemsWith the growing demand for biometrics in Identity Management and Know Your Customer strategies, the issue of compliance should be considered a priority, says Ideco. Read More
Companies fail to control 3rd party applicationsA survey by Kaspersky Lab finds that 57% of companies do not effectively control the third party applications used by their employees. Read More
Lagos to establish forensic laboratoryThe Lagos State government says its world class IT forensic laboratory project is on course. Read More
Commonwealth Parliamentarians focus on cyber crimeCommonwealth Parliamentarians meeting in Cameroon have agreed on the need for closer collaboration on fighting cyber crime. Read More
Ethiopia to Host Banking and ICT Summit 2013The Ethiopia Banking and ICT Summit will be staged on 2 August, 2013 at the Sheraton Hotel, Addis Ababa Ethiopia. Read More
JMR Infotech, Oracle, stage Ghana risk conferenceJMR Infotech, together with Oracle, will stage a conference on risk, AML and compliance in Ghana this week. Read More
How strong are your social media passwords?Special care should be taken to strengthen the security of social media accounts, says Panda. Read More
FEATURED STORYICT opens doors for Kenyan slum dwellers
A Nairobi based group is equipping high school girls from Nairobi's slums with ICT skills to help them participate meaningfully in building the economy.
BEST READ NEWS
IN DEPTHDollar-a-month broadband can change Africa
The Microsoft-led 4Afrika TV white spaces project, taking broadband to rural people for as little as a dollar a month, is now expanding in Kenya and launching in Tanzania.
COMPANY NEWSConnected services boosts company payroll and HR administration in West Africa
Connected Services enables SMEs to extend their desktop payroll and HR with an online solution that eases the growing burden of HR managers and payroll administrators.