Security Gaps Open the Door to Cyber-Criminals
Despite clear evidence of the huge price of external cyber-attacks, both in terms of mitigation costs and reputation, organizations continue to short-change this key security area. A new study from the Ponemon Institute, "Security Beyond the Traditional Perimeter," states that companies don't have enough staff or sufficient technology to keep up with external threats, and they are not doing enough monitoring of their environments. From executive impersonations and social engineering exploits to branded attacks, enterprises seem unable to stop the bleeding, and there appears to be little reason for optimism. Given the value that surveyed companies place on intellectual property, this represents a huge failure of cyber-security efforts—a failure that presents an ongoing opportunity for the bad guys. "The majority of security leaders understand that these external threats imperil business continuity," said Larry Ponemon, president of the Ponemon Research Institute, which surveyed 591 IT and IT security professionals from more than 500 organizations in the United States. "The study highlights a gap in defenses against threats that have proven to be extremely effective for cyber-criminals and costly for enterprises."