Vulnerabilities / Threats
3/25/2010
05:04 PM
Connect Directly
RSS
E-Mail
50%
50%

CEOs Paying Attention To Security, Study Says

CIO is the person most frequently held responsible for data protection, Ponemon survey says

Top-level executives are beginning to grasp the importance of security, according to a study published today.

Eighty-one percent of C-level executives think that investing in a security strategy can greatly reduce or mitigate the risk of data loss or theft, according to the survey of 115 C-level executives in the U.K. conducted by Ponemon Institute and sponsored by IBM.

"In the face of growing security threats, business leaders are finally recognizing that a strong data protection strategy plays a critical role to their bottom line," says Dr. Larry Ponemon, chairman and founder of Ponemon Institute. "Today, C-level executives believe the cost savings from investing in a data protection program is substantially higher than the estimated value of recovering from a breach."

Seventy-seven percent of C-level executives reported that their organizations have experienced a data breach at some point, while all respondents disclosed that they have had their data attacked in the past 12 months. Seventy-six percent think that reducing potential security flaws within business-critical applications is the most important aspect of their data protection programs.

C-level executives believe good data protection practices can support important organizational goals, such as compliance, reputation management, and customer trust. Only a small percentage of the CEOs surveyed, just 18 percent, are very confident that their organizations will not suffer a data breach within the next year.

Executives in the study estimated the average data breach cost per compromised record at about $250. CEOs estimated that cost to be closer to $300 per compromised record.

Three-quarters of respondents reported that one person is considered to be in charge of data protection for their organizations. That person is considered by most to be the CIO -- especially by the CEO.

More than half (51 percent) of C-level executives believe the purpose of data protection programs is to increase brand or marketplace image.

"We are witnessing C-level executives implement security strategies at a much higher rate than ever before," said Daniel Sabbah, general manager of IBM Rational.

Comment  | 
Print  | 
More Insights
Register for Dark Reading Newsletters
Partner Perspectives
What's This?
In a digital world inundated with advanced security threats, Intel Security seeks to transform how we live and work to keep our information secure. Through hardware and software development, Intel Security delivers robust solutions that integrate security into every layer of every digital device. In combining the security expertise of McAfee with the innovation, performance, and trust of Intel, this vision becomes a reality.

As we rely on technology to enhance our everyday and business life, we must too consider the security of the intellectual property and confidential data that is housed on these devices. As we increase the number of devices we use, we increase the number of gateways and opportunity for security threats. Intel Security takes the “security connected” approach to ensure that every device is secure, and that all security solutions are seamlessly integrated.
Featured Writers
White Papers
Cartoon
Current Issue
Dark Reading's October Tech Digest
Fast data analysis can stymie attacks and strengthen enterprise security. Does your team have the data smarts?
Flash Poll
Video
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2014-3409
Published: 2014-10-25
The Ethernet Connectivity Fault Management (CFM) handling feature in Cisco IOS 12.2(33)SRE9a and earlier and IOS XE 3.13S and earlier allows remote attackers to cause a denial of service (device reload) via malformed CFM packets, aka Bug ID CSCuq93406.

CVE-2014-4620
Published: 2014-10-25
The EMC NetWorker Module for MEDITECH (aka NMMEDI) 3.0 build 87 through 90, when EMC RecoverPoint and Plink are used, stores cleartext RecoverPoint Appliance credentials in nsrmedisv.raw log files, which allows local users to obtain sensitive information by reading these files.

CVE-2014-4623
Published: 2014-10-25
EMC Avamar 6.0.x, 6.1.x, and 7.0.x in Avamar Data Store (ADS) GEN4(S) and Avamar Virtual Edition (AVE), when Password Hardening before 2.0.0.4 is enabled, uses UNIX DES crypt for password hashing, which makes it easier for context-dependent attackers to obtain cleartext passwords via a brute-force a...

CVE-2014-4624
Published: 2014-10-25
EMC Avamar Data Store (ADS) and Avamar Virtual Edition (AVE) 6.x and 7.0.x through 7.0.2-43 do not require authentication for Java API calls, which allows remote attackers to discover grid MCUser and GSAN passwords via a crafted call.

CVE-2014-6151
Published: 2014-10-25
CRLF injection vulnerability in IBM Tivoli Integrated Portal (TIP) 2.2.x allows remote authenticated users to inject arbitrary HTTP headers and conduct HTTP response splitting attacks via unspecified vectors.

Best of the Web
Dark Reading Radio
Archived Dark Reading Radio
Follow Dark Reading editors into the field as they talk with noted experts from the security world.