McAfee Reports 41 Percent of Organizations Are Not Protected Against or Aware of Security Risks
February 23 2011 - 8:00AM
Business Wire
McAfee, Inc. (NYSE:MFE), today announced new research which
found that 41 percent of organizations are not well aware of or
protected against IT security risks. Another 40 percent are not
completely confident they can accurately deploy countermeasure
products thus leaving them at risk. The report Risk and Compliance
Outlook: 2011, commissioned by McAfee and conducted by Evalueserve
- found that to address these concerns, nearly half of all
companies plan to spend an average of 21 percent more in 2011 on
Risk and Compliance solutions. Overall, the survey indicated strong
growth for risk and compliance products in 2011 with the majority
of CSO’s and other decision-making executives demanding integrated
and automated solutions rather than point products.
In regards to regulatory compliance, the vast majority, 75
percent of respondents, are not confident that they will pass a
regulatory audit, with more than half of organizations stating that
they have already failed an audit. Nine percent of companies
indicated that these audit failures resulted in industry or
government fines. Databases also ranked as the biggest
infrastructure challenge in terms of complying with regulatory
mandates.
Additional Key Findings:
- 41% of companies indicating they will
be investing in Database Activity Monitoring
- 45% of companies are patching systems
every week
- 49% of companies stated that they try
to ‘over protect’ by patching everything
- 84% of the respondents feel that their
business and security operations are impacted due to out-of-cycle
patches
- 37% are not confident in knowing which
assets need to be patched when a new threat materializes
- 24% of organizations are spending more
than $250,000 annually on auditors
- Compliance is perceived as the main
budget driver for 25 percent of IT projects
- More than 40 percent of organizations
get into “fire-fight mode” when a regulatory audit approaches,
diverting critical resources away from strategic priorities
- 39% are not confident of being able to
translate IT risks into business risks
- 56% of organizations indicated adding
“Countermeasure-Awareness” to their risk analysis would provide the
biggest benefit
- 60% of the respondents believe that up
to 10% of downtime is attributable to unauthorized changes that
take place over the entire year
“Organizations are under increasing pressure to protect customer
information and privacy, as well as their own sensitive business
information, driving the need for a strong focus on risk and
compliance management,” said Stuart McClure, senior vice president
and general manager of risk and compliance for McAfee. “As the
results of this study show, companies recognize the need to improve
risk management through better identification of threats,
vulnerabilities and countermeasures, as well as the need to improve
policy compliance through more automation of IT controls.”
About the Report:
The independent research for the Risk and Compliance Outlook was
conducted by Evalueserve on behalf of McAfee. The survey includes
responses from 353 IT decision makers, consultants and security
analysts from companies with more than 500 employees who are
involved in evaluation, selection, day-to-day management and
maintenance of security products. Surveys were conducted in
Australia, Canada, France, Germany, New Zealand, Singapore, United
Kingdom and United States.
To download the report, please visit
www.mcafee.com/rcoutlook.
About McAfee, Inc.
McAfee, 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, and browse and shop the
Web more securely. Backed by its unrivaled 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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