Most companies had external attack in past year
SECURITY| 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
Users cover webcams due to spying fearsKaspersky Lab research has found a large proportion of computer users cover up their webcams for fear of being spied on. Read More
Growing African focus on data securityBeachhead Solutions’ new SA and Mauritius country manager explains the challenges and solutions around securing customer data and compliance with new personal information legislation. Read More
Costly kids: families lose money or data due to children on the netAccording to joint research by Kaspersky Lab and B2B International, 18% of users in South Africa have lost either money or important information as a result of their children’s online activity. Read More
No silver bullet for securityFor too many businesses, the idea of a security ‘quick fix’ is tempting, and they learn the hard way that there is no such thing, says Intact Security. Read More
Every fifth Android user faces cyber attacksAccording to the results of the “Mobile cyber-threats” survey carried out by Kaspersky Lab and INTERPOL between August 2013 and July 2014, every fifth Android-based device protected by Kaspersky Lab security solutions was a target of malware at least once during the reporting period. Read More
Risks of cyber attacks hard to defineIt is extremely hard to apply to the risks caused by the myriad cyber threats out there, as they are hard to define, harder to prevent, and it is almost impossible to accurately assess the cost and damage of a breach once it has taken place, says Intact Software Distribution. Read More
Cyber Security Africa set for EthiopiaThe 2nd Annual Ethiopia Banking & ICT Summit will take place in November 21st, 2014 at Sheraton Hotel, Addis Ababa, Ethiopia. Read More
EFCC searches for $38m bank e-fraudsterNigeria's Economic and Financial Crimes Commission (EFCC) has started a manhunt for a 38-year-old bank worker over the alleged theft of $38 million from his employers by hacking into computer systems. Read More
Financial phishing skyrocketsKaspersky Lab’s experts have reported a substantial increase in the amount of financial phishing in spam globally. Read More
Fortinet: JP Morgan hack has the hallmarks of an APTThe coordinated hacks of JPMorgan Chase and a number of other banks, which was revealed in the global media yesterday, bear all the hallmarks of an APT attack, says Fortinet South Africa. Read More
FEATURED STORYGrowing African focus on data security
Beachhead Solutions’ new SA and Mauritius country manager explains the challenges and solutions around securing customer data and compliance with new personal information legislation.
BEST READ NEWS
IN DEPTHAfrica lags on digital migration
Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.
COMPANY NEWSVMware reports third quarter 2014 results
VMware, the global leader in virtualization and cloud infrastructure, today announced Year-over-Year Revenue Growth of 18% to $1.52 Billion in its financial results for the third quarter ...