TechnologyAccounting SoftwareMost companies face security threat

Most companies face security threat

Failure to implement effective security policies is leaving the vast majority of companies open to surprisingly common threats, analysts have warned.

According to the Open Web Application Security Project (OWASP), which has published a list of the most dangerous internet application security problems, the greatest threat comes from ignoring exploits that are well understood and documented.

It was surprised to find firms were not deploying counter-measures against well-known threats, saying ‘the security issues raised here are not new’.

This view was endorsed by Dr Charles Pflegger, master security architect at Cable and Wireless: ‘Flaws continue to be found in applications, even after nearly 50 years of programming experience. Worse, the same kinds of flaws appear over and over again.’

While welcoming OWASP’s report as an attempt to raise awareness of IT security issues, Quocirca strategy analyst Clive Longbottom pointed out that highlighting technical problems could fight only half the battle.

‘Just raising a list of problems in isolation will only provide a recipe for fear, uncertainty and dread,’ he warned.

‘Over 95% of UK companies are not large enough to employ dedicated IT security professionals and, as a result most will not understand the difference between a command injection flaw and a cross site scripting exploit.’

Related Articles

5 key tech innovations helping accountants transform their businesses

Accounting Software 5 key tech innovations helping accountants transform their businesses

3w Heather Darnell, Founder of Ask the BOSS
Finance and the tech foundation: what’s needed to deliver impactful business insights?

Accounting Software Finance and the tech foundation: what’s needed to deliver impactful business insights?

3m Workday | Sponsored
Best accounting software for businesses in the UK

Accounting Software Best accounting software for businesses in the UK

4m Accountancy Age, Reporters
Making sense of enterprise tech concepts for finance teams

Accounting Software Making sense of enterprise tech concepts for finance teams

4m Workday | Sponsored
Open Banking: what you need to know

Accounting Software Open Banking: what you need to know

4m Edward Berks, Xero
Accountancy in the digital age: Flexibility, agility, efficiency

Accounting Software Accountancy in the digital age: Flexibility, agility, efficiency

6m Pegasus Software | Sponsored
Sage purchases Intacct in its largest ever acquisition

Accounting Software Sage purchases Intacct in its largest ever acquisition

10m Alia Shoaib, Reporter
5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

10m Alia Shoaib, Reporter