More companies feeling the strain of cyber attacks

News by SC Staff

Cyber attacks are becoming more prevalent and more successful.

Cyber attacks are becoming more prevalent and more successful.


Symantec's 2009 Managed Security in the Enterprise Report found that cyber risks and actual attacks have grown significantly in the past two years, and are expected to continue to grow in the next two years.


In it, nearly all organisations surveyed (98 per cent) had experienced tangible loss as a result of cybercrime, with 42 per cent experiencing downtime, 36 per cent experiencing theft of customer or employee personally identifiable information and 37 per cent seeing theft of corporate data.


Meanwhile 54 per cent report that it is getting somewhat or significantly more difficult to provide IT security, with two in five organisations saying that they are somewhat or significantly understaffed, primarily because of difficulties finding qualified applicants, layoffs and lack of funds in the current economic situation.


Grant Geyer, vice president of managed services at Symantec, said: “IT management in large enterprises is caught between a rock and a hard place. Cyber security is a growing problem, yet organisations are having trouble addressing the problem.  Managed security services provide a way for many organisations to close the gap and ensure that their information and assets are protected.”


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