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Study finds enterprises exposed to increased cyber risks

Symantec report reveals nearly all organizations surveyed suffered losses as a result of cyber attacks

A study by security specialists Symantec has found a significant increase in cyber attacks and risks over the last two years.

Outlined in their 2009 Managed Security in the Enterprise report, nearly all (98%) of the one thousand IT managers in the U.S. and Europe surveyed for the report revealed that their organizations experienced tangible loss as a result of cyber attacks.

Of those affected, nearly half experienced downtime, more than a quarter saw theft of customer or employee information and 25% suffered theft of corporate data.

“The statistics of this survey suggest that the UAE could be equally if not more at risk. The growing internet user community could expose the UAE to more malicious activity as regulations are applied to new services. These factors can be added to the same stresses experienced by the surveyed nations – those of shrinking budgets and lack of manpower”, said Jeff Ogden, senior director, consulting, Symantec.

With the risks expected to grow in the next few years, most U.S. enterprises (61%) are moving to adopt managed security services.

“IT management in large enterprises is caught between a rock and a hard place. Cyber security is a growing problem, yet organizations are having trouble addressing the problem. Managed security services provide a way for many organizations to close the gap and ensure that their information and assets are protected”, Ogden added.