McAfee, Inc. Reports That More Than Half of Mid-Sized Companies Have Seen Increased Hacker Attacks Since Last Year
October 13 2010 - 3:05AM
Business Wire
FOCUS 10 – McAfee, Inc. (NYSE:MFE), the world’s largest
dedicated digital security company, today released new research,
finding that mid-sized organizations have seen increased attacks on
their networks and systems since last year, according to the McAfee
report The Security Paradox. The study found that more than half of
midsize companies surveyed globally have seen more security
incidents in the past year, 40 percent have had data breaches and
75 percent believe a serious data breach could put them out of
business.
In its third year, the Security Paradox report quantifies the
cost of proactive vs. reactive security, examines mid-sized
companies’ attitudes toward security and contrasts them with
security realities. More than 83 percent said they were concerned
or very concerned that their business could be the target of an
intentional and malicious security attack, 51 percent had actually
been attacked, and 16 percent of those who were attacked took more
than a week to recover. Data loss was the number one consequence of
the attack.
Additional research findings:
- Thirty percent of mid-sized
organizations had to manage multiple network security incidents, of
which 55 percent took up to five hours to investigate and
remediate
- Fifty-eight percent of worldwide
respondents spent less than three hours per week working on,
evaluating and researching IT security. Last year it was 65
percent.
- Five percent of mid-sized organizations
reported that they had suffered a data loss that had cost them more
than $25,000 USD. Of these 25 percent were from China, 14 percent
from France and 11 percent from India.
- Forty-seven percent of all reported
intellectual property losses were from EMEA-based mid-sized
organizations
- Eighty-eight percent of mid-sized
organizations said they were concerned or very concerned about
non-malicious/inadvertent security incidents
- Sixty percent of worldwide mid-sized
organizations admitted to knowing less than 75% of the pertinent
regulatory and compliance requirements pertinent to their
organization
Research for The Security Paradox was conducted by Bloor
Research on behalf of McAfee. In excess of 1,100 surveys were
completed with respondents responsible for IT purchasing,
management or overall ownership for governance, risk and compliance
within organizations of 51 to 1,000 employees worldwide. Surveys
were conducted in Australia, Brazil, Canada, China, France,
Germany, India, Japan, Mexico, Netherlands, Spain, the United
Kingdom and the United States. The results were compared to
previous studies conducted in Europe and North America.
“Keeping up with security threats is a significant distraction
from running a mid-sized business,” said Alex Thurber, senior vice
president of worldwide channel operations for McAfee. “The
explosion and sophistication of malware impacts mid-sized
organisations who are struggling to grow their businesses against a
backdrop of competitive pressures and a slow economic recovery.
While the threats have grown, these companies’ resources to fight
them have declined, creating a paradox. McAfee continues to focus
on helping these IT teams make security a priority without making
it a full time job.”
The full methodology and data is available upon request.
Additional resources:
- McAfee Secure in 15 Practice
- McAfee Secure in 15 Calendar
- McAfee® QuickStart Services
About McAfee, Inc.
McAfee, Inc., headquartered in Santa Clara, California, is the
world’s largest dedicated security technology company. McAfee
delivers proactive and proven solutions and services that help
secure systems, networks, and mobile devices around the world,
allowing users to safely connect to the Internet, browse and shop
the Web more securely. Backed by unrivalled McAfee Global Threat
Intelligence, McAfee creates innovative products that empower home
users, businesses, the public sector and service providers by
enabling them to prove compliance with regulations, protect data,
prevent disruptions, identify vulnerabilities, and continuously
monitor and improve their security. McAfee secures your digital
world. http://www.mcafee.com
NOTE: McAfee is a registered trademark or trademark of McAfee,
Inc. or its subsidiaries in the United States and other countries.
Other marks may be claimed as the property of others.
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