Exposing Cybersecurity Cracks: A Global Perspective
2014 Cost of Data Breach Study
The Ponemon Institute presents the findings of its two-part study, Exposing the Cybersecurity Cracks: A Global Perspective sponsored by Websense, Inc. This first Report uncovers the deficient, disconnected and in-the-dark conditions that challenge IT security professionals. Areas of focus include a deficit in security solution effectiveness; a disconnect regarding the perceived value of confidential data; and limited visibility into cybercriminal activity.
Findings reveal that security professionals have systems that fall short in terms of protection from cyber attacks and data leakage. On average, companies around the globe are spending $3.5 million to respond to a data breach
A study, sponsored by Websense, surveyed 4,881 IT and IT security practitioners in 15 countries including India, United Kingdom and the United States, with an average of 10 years’ experience in the field. Results show a worrisome CyberSecurity trend. When asked about the state of CyberSecurity today, 57 percent of respondents do not think (100 percent – 43 percent) that their organization is protected from advanced cyber attacks.
Highlights of the study
*Fifty-seven percent of respondents do not think their organization is protected from advanced cyber attacks and 63 percent doubt they can stop the exfiltration of confidential information.
*Most respondents (69 percent) believe CyberSecurity threats sometimes fall through the cracks of their companies’ existing security systems. -Forty-four percent of companies represented in this research experienced one or more substantial cyber attacks in the past year.
*Eighty percent of respondents say their company’s leaders do not equate losing confidential data with a potential loss of revenue, despite Ponemon Institute research indicating the average cost of an organizational data breach is $5.4 million.
