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Business / Qatar Business

Data theft, malware infection big threat to digital businesses

Published: 18 Jul 2016 - 12:47 am | Last Updated: 01 Nov 2021 - 05:15 pm

DOHA: Insider data theft and malware attacks are the most significant concerns for enterprise security executives, according to a latest research report by one of the world’s leading IT solutions providers.
The new report from Accenture and HfS Research say that 69 percent of respondents experienced an attempted or successful theft or corruption of data by insiders during the prior 12 months, with media and technology organizations reporting the highest rate (77 percent). This insider risk will continue to be an issue, with security professionals’ concerns over insider theft of corporate information alone rising by nearly two-thirds over the coming 12 to 18 months.
Additionally, the research shows that a budget shortage for hiring cybersecurity talent and well-trained employees is hindering the ability of organizations to properly defend themselves against these attacks.
The survey, “The State of Cyber security and Digital Trust 2016’”, was conducted by HfS Research on behalf of Accenture. More than 200 C-level security executives and other IT professionals were polled across a range of geographies and vertical industry sectors. The survey examined the current and future state of cyber security within the enterprise and the recommended steps to enable digital trust throughout the extended ecosystem. The findings indicate that there are significant gaps between talent supply and demand, a disconnect between security teams and management expectations, and considerable disparity between budget needs and actual budget realities.
“Our research paints a sobering picture. Security leaders believe threats are not going away, in fact they expect them to increase and hinder their ability to safeguard critical data and establish digital trust,” said Kelly Bissell, senior managing director, Accenture Security. “At the same time, while organizations want to invest in advanced cyber technologies, they simply don’t have enough budget to recruit or train skilled people to use that technology effectively. To better manage this security problem, businesses will need to work in tandem with the extended enterprise ecosystem — business units, partners, providers and end users — to create an environment of digital trust.”
Despite having advanced technology solutions, nearly half of all respondents (48 percent) indicate they are either strongly or critically concerned about insider data theft and malware infections (42 percent) in the next 12 to 18 months. When asked about current funding and staffing levels some42 percent of respondents said they need more budget for hiring cyber security professionals and for training. More than half (54 percent) of respondents also indicated that their current employees are underprepared to prevent security breaches and the numbers are only slightly better when it comes to detecting (47 percent) and responding (45 percent) to incidents.

The Peninsula

DOHA: Insider data theft and malware attacks are the most significant concerns for enterprise security executives, according to a latest research report by one of the world’s leading IT solutions providers.
The new report from Accenture and HfS Research say that 69 percent of respondents experienced an attempted or successful theft or corruption of data by insiders during the prior 12 months, with media and technology organizations reporting the highest rate (77 percent). This insider risk will continue to be an issue, with security professionals’ concerns over insider theft of corporate information alone rising by nearly two-thirds over the coming 12 to 18 months.
Additionally, the research shows that a budget shortage for hiring cybersecurity talent and well-trained employees is hindering the ability of organizations to properly defend themselves against these attacks.
The survey, “The State of Cyber security and Digital Trust 2016’”, was conducted by HfS Research on behalf of Accenture. More than 200 C-level security executives and other IT professionals were polled across a range of geographies and vertical industry sectors. The survey examined the current and future state of cyber security within the enterprise and the recommended steps to enable digital trust throughout the extended ecosystem. The findings indicate that there are significant gaps between talent supply and demand, a disconnect between security teams and management expectations, and considerable disparity between budget needs and actual budget realities.
“Our research paints a sobering picture. Security leaders believe threats are not going away, in fact they expect them to increase and hinder their ability to safeguard critical data and establish digital trust,” said Kelly Bissell, senior managing director, Accenture Security. “At the same time, while organizations want to invest in advanced cyber technologies, they simply don’t have enough budget to recruit or train skilled people to use that technology effectively. To better manage this security problem, businesses will need to work in tandem with the extended enterprise ecosystem — business units, partners, providers and end users — to create an environment of digital trust.”
Despite having advanced technology solutions, nearly half of all respondents (48 percent) indicate they are either strongly or critically concerned about insider data theft and malware infections (42 percent) in the next 12 to 18 months. When asked about current funding and staffing levels some42 percent of respondents said they need more budget for hiring cyber security professionals and for training. More than half (54 percent) of respondents also indicated that their current employees are underprepared to prevent security breaches and the numbers are only slightly better when it comes to detecting (47 percent) and responding (45 percent) to incidents.

The Peninsula