|By Marketwired .||
|March 25, 2014 01:02 PM EDT||
NEW YORK, NY -- (Marketwired) -- 03/25/14 -- BalaBit IT Security (www.balabit.com), a global leader in the development of privileged activity monitoring, trusted logging and proxy-based gateway technologies today announced its latest eCSI Report survey results.
Conducted among nearly 300 attendees at the recent RSA Conference in San Francisco, the survey results show that 84 percent of IT security related losses can be attributed to human elements (such as human error, sophisticated internal or external attackers) with the remaining 16 percent related to infrastructure issues (system malfunction, automated attack). The survey noted that, when it comes to budgeting, the ratio is balanced: only 55 percent of budgets are spent for managing human risk and 45 percent for infrastructure risk.
Companies still concentrate their IT security resources on infrastructure security and external risk factors. Respondents ranked the main risk factors according to their share of IT budgets in the following order:
- 30 percent prioritized external attackers above all other risks
- 28 percent said system malfunctions are most important
- 17 percent said automatic attacks
- Protection against human errors and internal attackers were a top budget priority for only a small minority of respondents (13 percent and 12 percent, respectively)
But, when IT security threats were ranked in order of potential costs, results show a very different picture:
- 51 percent of those surveyed said that human errors cause the greatest financial loss
- 18 percent for external attackers
- 15 percent for internal attackers
- 9 percent for system malfunctions
- 7 percent for automated attacks
"The biggest difference that our survey revealed is that IT professionals clearly see that human errors cause 51 percent of their losses. But when they are planning their budget, only 13 percent of them put preventing human errors at the top of the list and even 40 percent of respondents ranked human errors as least important. If companies are aiming to spend their IT security budget responsibly, it's high time to do away with this commonly held fallacy," said Zoltán Györkő, CEO of BalaBit IT Security.
IT security experts not only need to build and maintain secure IT systems, but also need to ensure business continuity and support users do their job. RSA Conference attendees were asked to estimate how much the level of their IT security at their company is reduced by satisfying the needs of special users. 83 percent of respondents said that their security level is reduced (heavily 19 percent, notably 32 percent and moderately 32 percent), to accommodate special users.
"Access controls can be self-defeating. Because of their inflexibility, they are often not able to prevent breaches but restrict people from doing their jobs efficiently. Advanced monitoring can be effective tool against IT security risks related to human elements, regardless whether the source is external or internal. Human risks can be highly decreased by detecting and blocking suspicious user activities. Real time alerting and monitoring is inevitable for privileged accounts, which have rights to access, modify or delete sensitive company information, no wonder their credentials are the primary target for hackers. A higher rate of detection -- even during preparation -- is more deterrent than passive control and more business-friendly at the same time," Györkő added.
An infographic is available at http://bit.ly/1gDmsDz
BalaBit revealed the survey results at the recent Gartner Identity and Access Management Summit held in London.
BalaBit IT Security is an innovative information security company, a global leader in the development of privileged activity monitoring, trusted logging and proxy-based gateway technologies to help protect customers against internal and external threats and meet security and compliance regulations. As an active member of the open source community, we provide solutions to a uniquely wide range of both open source and proprietary platforms, even for the most complex and heterogeneous IT systems across physical, virtual and cloud environments.
BalaBit is also known as "the syslog-ng company", based on the company's flagship product, the open source log server application, which is used by more than 1 million installations worldwide and became the globally acknowledged de-facto industry standard.
BalaBit, a fastest growing IT security software developer company based on Deloitte Technology Fast 50 CE Lists, where BalaBit has been included four times in the fast five years. The company has local offices in France, Germany, Russia, and in the USA, and cooperates with partners worldwide. Our R&D and global support centers are located in Hungary, Europe.
For more information, visit www.balabit.com.
Madison Alexander PR
Office +1 714-832-8716
Mobile: +1 949-231-2965
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Dec. 7, 2016 03:30 PM EST Reads: 1,761
"IoT is going to be a huge industry with a lot of value for end users, for industries, for consumers, for manufacturers. How can we use cloud to effectively manage IoT applications," stated Ian Khan, Innovation & Marketing Manager at Solgeniakhela, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 7, 2016 02:30 PM EST Reads: 4,301
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, drew together recent research and lessons learned from emerging and established compa...
Dec. 7, 2016 02:30 PM EST Reads: 935
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
Dec. 7, 2016 02:24 PM EST Reads: 208
"Coalfire is a cyber-risk, security and compliance assessment and advisory services firm. We do a lot of work with the cloud service provider community," explained Ryan McGowan, Vice President, Sales (West) at Coalfire Systems, Inc., in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 7, 2016 02:15 PM EST Reads: 947
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Dec. 7, 2016 02:15 PM EST Reads: 2,188
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Dec. 7, 2016 02:15 PM EST Reads: 1,107
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Dec. 7, 2016 02:15 PM EST Reads: 3,375
"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 7, 2016 01:45 PM EST Reads: 1,103
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, 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. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Dec. 7, 2016 01:30 PM EST Reads: 392
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Dec. 7, 2016 01:30 PM EST Reads: 2,143
"We are a custom software development, engineering firm. We specialize in cloud applications from helping customers that have on-premise applications migrating to the cloud, to helping customers design brand new apps in the cloud. And we specialize in mobile apps," explained Peter Di Stefano, Vice President of Marketing at Impiger Technologies, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 7, 2016 01:24 PM EST Reads: 216
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how ...
Dec. 7, 2016 12:45 PM EST Reads: 1,078
President Obama recently announced the launch of a new national awareness campaign to "encourage more Americans to move beyond passwords – adding an extra layer of security like a fingerprint or codes sent to your cellphone." The shift from single passwords to multi-factor authentication couldn’t be timelier or more strategic. This session will focus on why passwords alone are no longer effective, and why the time to act is now. In his session at 19th Cloud Expo, Chris Webber, security strateg...
Dec. 7, 2016 12:35 PM EST Reads: 258
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Dec. 7, 2016 12:30 PM EST Reads: 842