Organizations Are Easy Targets for Cyber-Criminals

By Samuel Greengard
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    Risk and Reality

    Risk and Reality

    67% of organizations surveyed reported facing rising threats in their information security environment, yet 37% lack the real-time insight on cyber-risks needed to combat these threats.

Over the last few years, cyber-security has emerged as a huge challenge. IT and security executives have been forced to cope with a growing array of threats originating from both inside and outside the enterprise. A recently released report from Ernst and Young, "Global Information Security Survey 2014," points out that while organizations are making progress and building a foundation for better protection, many remain unprepared for the level of risk in today's computing environment. Among other things, the survey, which canvassed 1,825 organizations, concludes that business and government must do a better job of anticipating attacks in a world where it is no longer possible to prevent all cyber-breaches—and when threats emanate from ever more resourceful and well-funded sources. According to Paul van Kessel, EY's global risk leader: "Organizations will only develop a risk strategy of the future if they understand how to anticipate cyber-crime. Cyber-attacks have the potential to be far-reaching—not only financially, but also in terms of brand and reputation damage, the loss of competitive advantage and regulatory non-compliance. Organizations must undertake a journey from a reactive to a proactive posture, transforming themselves from easy targets for cyber-criminals into more formidable adversaries."

This article was originally published on 2014-12-05
Samuel Greengard is a freelance writer for Baseline.
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