The High Cost of Defending Against Malware

By Samuel Greengard
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    In a typical week, organizations receive an average of nearly 17,000 malware alerts, but only 19% are deemed real.

One of the unfortunate realities of the digital age is that it's impossible to escape the threat of malware. Emails, Websites, and other tools and technologies all too often carry potentially dangerous payloads that can damage or cripple an enterprise. Most recently, Sony Pictures Entertainment discovered just how destructive malware can be and how it can wreck a company's reputation and cause enormous financial losses. Yet, while it's critical to protect against these threats, a new report, "The Cost of Malware Containment in 2015," from Ponemon Institute and malware detection vendor Damballa, reveals that major organizations spend an average of $1.3 million annually responding to erroneous and inaccurate malware alerts. This adds up to about 21,000 hours in wasted time and effort across all systems and devices. The report also provides insights into how enterprises cope with legitimate threats, as well as false positives. The upshot? While the frequency and severity of attacks are growing, IT and security teams must take a more strategic and coordinated approach. "Significant money and time can be saved if organizations have actionable intelligence to prioritize the threats posed by malware," points out Larry Ponemon, chairman and founder of the Ponemon Institute, a research think tank dedicated to advancing privacy and data protection practices.

This article was originally published on 2015-02-24
Samuel Greengard is a freelance writer for Baseline.
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