Technology, media and telecommunications (TMT) firms feel they are
ill-prepared for the security threats facing them in the coming year, according
to new research from consultancy
Deloitte
released this week.
The report looked at TMT firms globally and found that only 38 per cent felt
they had "all the skills and capabilities they need to respond effectively and
efficiently to security challenges".
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In addition, only five per cent of companies increased their security
investment by 15 per cent or more, and half allocated less than three per cent
of their IT budget to security, the report found.
“One of the most alarming results of the survey is attitudes towards customer
data," said Deloitte technology partner, James Alexander. "Only 53 per cent of
companies publicly disclose the loss of customer data, and many only do so in
situations where disclosure is required by law. The risk of data loss is not
going to go away and the potential impact to brand is huge."
In related news, private enterprises are still at risk from data loss or
theft because of employee negligence leading to laptop losses, according to new
research from data protection and asset management software vendor
Absolute Software.
The survey found that nearly 60 per cent of firms reported laptop thefts in
the last 12 months. Nearly half said data was threatened by employee negligence,
but 80 percent said they only used traditional software asset management tools
as a means of protecting their machines if stolen.
Such tools are ineffective at protecting data once the device has been
stolen, according to Absolute's senior director of international relations,
William Pound. In addition, 43 percent of those who had already suffered a
breach estimated the cost to be between £10,000 and £100,000, while 14 percent
said it cost them over £500,000.
"This is almost counter-intuitive; people know they are at risk and have
experienced laptop losses but we're not seeing an uptake in security
implementation," said Pound. "It shows that everyone's at risk, but not everyone
knows how best to secure mobility."
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