Retail and financial services slow to detect cyber-attacks

News by Ava Fedorov

The results of survey conducted by Arbor Networks were released today and reveal that advanced threats and DDoS attacks in retail and financial services go undetected for long periods of time (almost eight months in retail and as long as four months in financial services).

Findings specific to the financial services realm reveal that just under half have implemented incident response procedures or established threat sharing to protect against advanced threats, while just over half of those surveyed consider DDoS attacks an advanced threat. Within retail, only one third have implemented incident response procedures, and merely seventeen percent have established threat sharing, though a full half of respondents consider DDoS an advanced threat.

Both sectors allocated around one-third of their budgets, staffing, and managed services toward technology and cyber-security, according to the survey.

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