Majority of Businesses Lack Resources to Manage External Cyber Attacks
Despite acute awareness of the millions of dollars in annual costs, and the business risks posed by external internet threats, security leaders highlight the lack of staff expertise and technology as a key reason that these attacks are unchecked, according to a new Ponemon Institute study.
Seventy-nine percent of the IT and IT security practitioners polled indicated their defensive infrastructure to identify and mitigate those threats are either non-existent, ad hoc or inconsistently applied throughout the enterprise. The findings reveal that the companies represented in this research averaged more than one cyber attack per month and incurred annual costs of approximately $3.5 million because of these attacks.