|By Business Wire||
|November 13, 2012 09:16 AM EST||
Faronics, a global leader in simplifying, securing and managing multi-user computer environments, today announced the results of its State of Cyber Security Readiness survey, which examines the cyber threat and data breach experiences of small and medium-sized businesses (SMBs). The research was completed by The Ponemon Institute.
When asked about a range of threats most likely to affect their organization’s ability to achieve its business objectives, more than three quarters of respondents in both the U.S. and U.K., 76 percent and 77 percent, respectively, consider check or credit card fraud either “likely” or “very likely.” Respondents included executives from many levels of these organizations, ranging from the owner/partner to outside consultants, but were heavily weighted toward the director, manager, supervisor and technician levels.
The top three threats to their organizations listed by U.S. respondents included “proliferation of unstructured data,” (69 percent), “unsecure third parties including cloud providers," (65 percent) and “not knowing where all sensitive data is located," (62 percent). U.K. respondents had a slightly different set of concerns: 62 percent believe “proliferation of end-user devices” is a key issue, as well as “lack of security protection across all devices,” (cited by 56 percent) and “unsecure third parties including cloud providers,” (53 percent).
“Although organizations have become more aware of potential threats, they do not seem to accurately perceive the repercussions associated with data breaches,” said Dmitry Shesterin, vice president of product management at Faronics. “Findings indicate that organizations do not understand the full costs and damages they will suffer as a result of a data breach. These organizations need to become more proactive about their security programs in order to minimize the damage they will inevitably experience from one, if not more, data breach.”
A common belief labels IT departments and managements as too complacent with security and data protection, leaving their organizations vulnerable to cyber threats. However, Faronics’ survey found otherwise. Just 9 percent among U.S. respondents and 4 percent in the U.K. admit “security is not taken seriously because our organization is not perceived as being vulnerable to attacks.” Among other key survey findings:
- 64 percent of U.S. respondents and 75 percent of U.K. respondents cited “insufficient people resources” as a primary barrier to achieving effective security
- 62 percent of U.K. respondents consider “the complexity of compliance and regulatory requirements” as a key barrier
- 55 percent listed “lack of in-house skilled or expert personnel”
- 50 percent of U.S. respondents noted “lack of central accountability” and 41 percent listed “lack of monitoring and enforcement of end users”
When queried about the impact of data breaches on their organizations, more than half of U.S. and U.K. respondents cited the loss of time and productivity most frequently. Both U.S. and U.K. respondents also listed damage to their organization’s brand second most frequently. According to the findings among companies that experienced a data breach:
- 42 percent of U.S. respondents and 38 percent of U.K. respondents stated they “lost customers and business partners”
- 41 percent and 34 percent of U.S. and U.K. respondents, respectively experienced an increase in the “cost of new customer acquisition"
- 35 percent of U.S. respondents and 31 percent of U.K. respondents “suffered a loss of reputation”
“This is the first study to investigate what smaller companies in North America are doing to prevent and detect cyber attacks,” said Dr. Larry Ponemon, chairman and founder of Ponemon Institute. “Results indicate that companies tend to seriously underestimate the potential damage to brand and reputation, revealing a great data breach perception gap. Misconceptions about the consequences associated with a data breach are preventing organizations from implementing the necessary financial tools, in house-expertise and technologies to achieve cyber readiness.”
Survey findings uncover that IT managers made security and data protection investment decisions based on ease of deployment and ongoing operations as well as low purchase costs. The majority of respondents, 73 percent in the U.S. and 78 percent in the U.K., seek products and solutions that enable easy deployment. U.K. teams further indicated the importance of minimal maintenance effort with 62 percent of respondents listing the “ease of ongoing operations” as a key factor influencing security investments, followed by 58 percent seeking “low purchase cost” and 52 percent seeking low total cost ownership (TCO). U.S. teams indicated a greater concern with costs, as 65 percent of respondents listed “low purchase cost” as a primary influencer over the 60 percent who listed “ease of ongoing operations” and half who listed “low TCO.”
Among the data protection solutions respondents most frequently employ today; 65 percent and 75 percent, respectively of U.S. and U.K. respondents employ firewalls and other perimeter security technologies. Thirty-six percent of U.S. and 53 percent of U.K. respondents turn to blacklisting and/or whitelisting tools to identify content with vulnerabilities. A significant plurality of IT teams relies on enforcing strict data policies, cited by one-third of U.S. and 45 percent of U.K. respondents.
For further information, the full survey report can be found www.faronics.com/ponemon.
About Ponemon Institute
Ponemon Institute conducts independent research on privacy, data protection and information security policy. The company’s goal is to enable organizations in both the private and public sectors to have a clearer understanding of the trends in practices, perceptions and potential threats that will affect the collection, management and safeguarding of personal and confidential information about individuals and organizations. Ponemon Institute research informs organizations on how to improve upon their data protection initiatives and enhance their brand and reputation as a trusted enterprise.
With a well-established record of helping organizations manage, simplify, and secure their IT infrastructure, Faronics makes it possible to do more with less by maximizing the value of existing technology. Their suite of products ensures 100% workstation availability, and frees up IT teams from tedious technical support and software issues. Incorporated in 1996, Faronics has offices in the USA, Canada and the UK, as well as a global network of channel partners. Faronics solutions are deployed in over 150 countries, and are helping more than 30,000 organizations worldwide.
Additional information about Faronics can be found on www.faronics.com.
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
Mar. 23, 2017 12:00 AM EDT Reads: 1,106
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
Mar. 22, 2017 11:00 PM EDT Reads: 2,912
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Mar. 22, 2017 10:15 PM EDT Reads: 3,183
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Mar. 22, 2017 10:15 PM EDT Reads: 3,230
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, will discuss some of the security challenges of the IoT infrastructure and relate how these aspects impact Smart Living. The material will be delivered i...
Mar. 22, 2017 10:15 PM EDT Reads: 1,693
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., will discuss how these tools can be leveraged to develop a lasting competitive advanta...
Mar. 22, 2017 09:30 PM EDT Reads: 2,289
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, will provide a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services ...
Mar. 22, 2017 06:15 PM EDT Reads: 3,924
VeriStor Systems has announced that CRN has named VeriStor to its 2017 Managed Service Provider (MSP) 500 list in the Elite 150 category. This annual list recognizes North American solution providers with cutting-edge approaches to delivering managed services. Their offerings help companies navigate the complex and ever-changing landscape of IT, improve operational efficiencies, and maximize their return on IT investments. In today’s fast-paced business environments, MSPs play an important role...
Mar. 22, 2017 05:45 PM EDT Reads: 1,788
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Mar. 22, 2017 04:30 PM EDT Reads: 798
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Mar. 22, 2017 03:45 PM EDT Reads: 1,143
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Mar. 22, 2017 03:30 PM EDT Reads: 783
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Mar. 22, 2017 03:15 PM EDT Reads: 531
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Mar. 22, 2017 02:45 PM EDT Reads: 2,218
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Mar. 22, 2017 02:15 PM EDT Reads: 2,162
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Mar. 22, 2017 02:00 PM EDT Reads: 1,366