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Attacks/Breaches

8/11/2016
11:50 AM
Sean Martin
Sean Martin
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Here's The Business Side Of Thwarting A Cyberattack

Ponemon Group study data illustrates the balancing act of running a business while trying to stay secure.
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Image Source: AdobeStock/imsmartin

Image Source: AdobeStock/imsmartin

Companies average more than one cyberattack per month, costing them some $3.5 million per year in recovery costs. That's the big takeaway from a recent Ponemon Institute report that also showed that security professionals say they need more expertise, technology, and services to address attacks and threats that skirt their perimeter security.

The study, commissioned by BrandProtect, summarized the responses of 591 security professionals representing 505 enterprises and institutions across all markets. It focuses on how businesses are responding to the complexities and risks of what it defines as "external" threats – those arising outside a company’s traditional security perimeter such as executive impersonations, social engineering exploits, branded attacks, email spoofing or forging, and copycat websites.

So what's the actual business impact of defending and suffering from these types of attacks and threats? Here's the lowdown.

 

Sean Martin is an information security veteran of nearly 25 years and a four-term CISSP with articles published globally covering security management, cloud computing, enterprise mobility, governance, risk, and compliance—with a focus on specialized industries such as ... View Full Bio

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jonemorton02
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jonemorton02,
User Rank: Apprentice
8/15/2016 | 10:47:14 AM
A great, essential, read.
I think this article does a great job pointing out where organizations may or may not be doing what they think they are doing with security.  That being, they believe they are secure but they aren't necessarily sure how their security efforts align with what the business is trying to accomplish by its business goals.  If nothing in the basic security policy (and the other strategy, policy and plans that stem from it) align to the business processes (and the information the flow over them) needed to achieve the business objectives, there would be an increased risk of suffering an attack for which the consequences may not have even been considered.  We can't protect everything but we should at least be protecting what we know we need to be successful.  A great read in my opinion.
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