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SURVEY: SECURITY FALLING AS PRIORITY

Posted on September 15, 2003

      Fewer companies describe security as a "high" priority today than did so three years ago, according to a worldwide survey conducted by Computing magazine.

      Some 59 percent of 2,500 IT executives and admins identified security as a top priority, versus 71 percent of companies surveyed in 2000. More than a third of businesses said they had suffered breaches causing financial loss, 10 percent said those intrusions cost them more than $100,000. The average breach cost a company just under $50,000.

      The report found that many businesses keep breaches a secret, with 26 percent saying they didn't make attacks public. Just 12 percent of those who reported breaches went first to law enforcement authorities.

      The most common problems were garden-variety worms and Trojans, making up some 45 percent of known attacks.

      Gartner VP John Pescatore says enterprises face "permanently raised risk levels" given the number of risks from hackers, terrorists and insiders. Despite the risks, "security is still not an automatic sell to the people at the top of a company," he adds.

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