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
SYS-CON Events announced today that SIGMA Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. uLaser flow inspection device from the Japanese top share to Global Standard! Then, make the best use of data to flip to next page. For more information, visit http://www.sigma-k.co.jp/en/.
SYS-CON Events announced today that Keisoku Research Consultant Co. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Keisoku Research Consultant, Co. offers research and consulting in a wide range of civil engineering-related fields from information construction to preservation of cultural properties. For more information, vi...
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp em...
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, will introduce two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a mu...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
"NetApp's vision is how we help organizations manage data - delivering the right data in the right place, in the right time, to the people who need it, and doing it agnostic to what the platform is," explained Josh Atwell, Developer Advocate for NetApp, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that SourceForge has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SourceForge is the largest, most trusted destination for Open Source Software development, collaboration, discovery and download on the web serving over 32 million viewers, 150 million downloads and over 460,000 active development projects each and every month.
What You Need to Know You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technolog...
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
One of the biggest challenges with adopting a DevOps mentality is: new applications are easily adapted to cloud-native, microservice-based, or containerized architectures - they can be built for them - but old applications need complex refactoring. On the other hand, these new technologies can require relearning or adapting new, oftentimes more complex, methodologies and tools to be ready for production. In his general session at @DevOpsSummit at 20th Cloud Expo, Chris Brown, Solutions Marketi...
Most of the time there is a lot of work involved to move to the cloud, and most of that isn't really related to AWS or Azure or Google Cloud. Before we talk about public cloud vendors and DevOps tools, there are usually several technical and non-technical challenges that are connected to it and that every company needs to solve to move to the cloud. In his session at 21st Cloud Expo, Stefano Bellasio, CEO and founder of Cloud Academy Inc., will discuss what the tools, disciplines, and cultural...
Why Federal cloud? What is in Federal Clouds and integrations? This session will identify the process and the FedRAMP initiative. But is it sufficient? What is the remedy for keeping abreast of cutting-edge technology? In his session at 21st Cloud Expo, Rasananda Behera will examine the proposed solutions: Private or public or hybrid cloud Responsible governing bodies How can we accomplish?
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...