05:53 PM
Connect Directly

Cyber Attacks Reported By 100% Of Executives

A study conducted by the Ponemon Institute and sponsored by IBM shows growing recognition among C-titles executives of the importance of data protection.

Seventy-seven percent of C-level executives in a 115-person survey conducted in the U.K. say their organization has experienced a data breach at some point and all of them report attacks targeting corporate data in the past 12 months.

These findings come from a study released on Wednesday by IBM, a company that sells data protection services, and The Ponemon Institute, a privacy and information management research organization.

Larry Ponemon, founder of the group that bears his name, said that survey shows a shift in the way C-level executives think about security software. Investing in data protection, he said, is now seen as less expensive than recovering from a data breach.

Data protection initiatives on average, according to the survey, result in a cost savings or revenue improvement of £11 million ($16 million) for organizations.

Perhaps more surprising than the revelation that security matters is the finding that while 75% of respondents see the CIO as the person responsible for data protection, 82% of respondents believe that the failure to stop a data breach would not result in the firing of the CIO.

This suggests either that respondents' beliefs about responsibility are misplaced or that few believe anyone can orchestrate a completely successful defense against cyber attacks, making firing for an inevitable outcome pointless.

As it turns out, the latter interpretation seems to be supported by the study: Over 27% of the respondents doubted that their organizations could avoid a data breach in the next 12 months.

CEOs appear to be more confident than the broader set of executives questioned, with only 10% expressing doubt about avoiding a data breach.

On a related note, CEOs appear to be less well-informed than other executives about the prevalence of online attacks.

"[O]nly 18% of CEOs believe attacks on data happen hourly or even more frequently, while 34% of other C-level executives believe this to be true," the study says.

Comment  | 
Print  | 
More Insights
Register for Dark Reading Newsletters
White Papers
Current Issue
E-Commerce Security: What Every Enterprise Needs to Know
The mainstream use of EMV smartcards in the US has experts predicting an increase in online fraud. Organizations will need to look at new tools and processes for building better breach detection and response capabilities.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
Published: 2015-10-15
The Direct Rendering Manager (DRM) subsystem in the Linux kernel through 4.x mishandles requests for Graphics Execution Manager (GEM) objects, which allows context-dependent attackers to cause a denial of service (memory consumption) via an application that processes graphics data, as demonstrated b...

Published: 2015-10-15
netstat in IBM AIX 5.3, 6.1, and 7.1 and VIOS 2.2.x, when a fibre channel adapter is used, allows local users to gain privileges via unspecified vectors.

Published: 2015-10-15
Cross-site request forgery (CSRF) vulnerability in eXtplorer before 2.1.8 allows remote attackers to hijack the authentication of arbitrary users for requests that execute PHP code.

Published: 2015-10-15
Directory traversal vulnerability in QNAP QTS before 4.1.4 build 0910 and 4.2.x before 4.2.0 RC2 build 0910, when AFP is enabled, allows remote attackers to read or write to arbitrary files by leveraging access to an OS X (1) user or (2) guest account.

Published: 2015-10-15
Cisco Application Policy Infrastructure Controller (APIC) 1.1j allows local users to gain privileges via vectors involving addition of an SSH key, aka Bug ID CSCuw46076.

Dark Reading Radio