Click here to close now.




















Welcome!

News Feed Item

IT Security Professionals Say That the Overwhelming Majority of Security Risks Are the Result of Human Error or Attack, While Only Half of Their Budgets Are Spent to Defend Against Them

BalaBit eCSI Report Survey Conducted at RSA Conference 2014 Underlines That It Is Time to Allocate IT Security Budgeting According to Real, Human Threats

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.

About BalaBit

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.

Media Contact:
Dan Chmielewski
Madison Alexander PR
Office +1 714-832-8716
Mobile: +1 949-231-2965
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, explained the best practices of continuous testing at high scale, which is rele...
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Learn how to solve the problem of keeping files in sync between multiple Docker containers. In his session at 16th Cloud Expo, Aaron Brongersma, Senior Infrastructure Engineer at Modulus, discussed using rsync, GlusterFS, EBS and Bit Torrent Sync. He broke down the tools that are needed to help create a seamless user experience. In the end, can we have an environment where we can easily move Docker containers, servers, and volumes without impacting our applications? He shared his results so yo...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Public Cloud IaaS started its life in the developer and startup communities and has grown rapidly to a $20B+ industry, but it still pales in comparison to how much is spent worldwide on IT: $3.6 trillion. In fact, there are 8.6 million data centers worldwide, the reality is many small and medium sized business have server closets and colocation footprints filled with servers and storage gear. While on-premise environment virtualization may have peaked at 75%, the Public Cloud has lagged in adop...
How do you securely enable access to your applications in AWS without exposing any attack surfaces? The answer is usually very complicated because application environments morph over time in response to growing requirements from your employee base, your partners and your customers. In his session at @DevOpsSummit, Haseeb Budhani, CEO and Co-founder of Soha, shared five common approaches that DevOps teams follow to secure access to applications deployed in AWS, Azure, etc., and the friction an...
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect t...