Many Companies Are Failing To Take Steps To Prevent And Identify Cyber Threats
Many companies are failing to take steps to prevent and identify cyber threats, according to a new survey. The latest Dell Global Security Survey shows that major organisations are largely ignoring this area of data security and therefore could be putting client information at risk. More than 200 organisations across the UK were consulted as part of the Dell research and it was discovered the average body spends 17 per cent of its IT budget or revenue on security. For firms that have experienced an attack, this stands at 18 per cent, while those who have not experienced cybercrime the spending drops to 12 per cent.
However, 74 per cent of those interviewed said they plan to up their security spending over the next two to three years because of potential threats. This was reflected in the figures, with three-quarters of organisations reporting a security breach of some kind over the past 12 months but there was little evidence of moves towards preventing and predicting possible attacks. In particular, companies were not making use of changes in technology to prevent more advanced attacks. Vice president and general manager for Dell Security Products Matt Medeiros said: “Traditional security solutions can defend against malware and known vulnerabilities, but are generally ineffective in this new era of stealthy, unknown threats from both outside and inside the organisation.”
He added: “These threats evade detection, bypass security controls, and wreak havoc on an organisation’s network, applications and data but despite these dangers, our study found, among those surveyed, organisations are just not prepared.” A recent survey by telecommunications firm BT found that UK companies tend to be more relaxed when it comes to IT security compared to their counterparts around the world. In total only 17 per cent of companies felt stopping cyber-attacks is a top priority, compared to 52 per cent in Brazil, 41 per cent in the US, 34 per cent in Singapore and 23 per cent in France.