Public Security chief launches digital vehicle plate wallet service    'Action is in our nature': 4th Saudi Green Initiative Forum to be held at COP16    Pop hit APT too distracting for South Korea's exam-stressed students    Saudi Arabia's inflation rate hits 1.9% in October, the highest in 14 months    Mohammed Al-Habib Real Estate Co. sets Guinness World Record with largest continuous concrete pour    PIF completes largest-ever accelerated bookbuild offering in MENA region    Saudi Arabia signs renewable energy program with Azerbaijan, Kazakhstan and Uzbekistan at COP29    Australia and Saudi Arabia settle for goalless draw in AFC Asian Qualifiers    Human Rights Watch accuses Israel of mass displacement in Gaza amounting to war crime    Thousands of protesters march in Paris ahead of tense football match between France and Israel    Republicans win 218 US House seats, giving Donald Trump control of government    UN sounds alarm at Israel's 'severe violations' at key buffer zone with Syria    Order vs. Morality: Lessons from New York's 1977 Blackout    Saudi, Indian foreign ministers co-chair Cooperation Committee meeting in New Delhi    South Korean actor Song Jae Lim found dead at 39    Don't sit on the toilet for more than 10 minutes, doctors warn    'Marvels of Saudi Orchestra' to dazzle audience in Tokyo on Nov. 22    Saudi Champion Saeed Al-Mouri scores notable feat in Radical World Championship in Abu Dhabi with support from Bin-Shihon Group    Rita Ora is tearful in tribute to Liam Payne at MTV Awards    France to deploy 4,000 police officers for UEFA Nations League match against Israel    Al Nassr edges past Al Riyadh with Mane's goal to move up to third    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Insider corporate data theft big threat to digital business
Published in The Saudi Gazette on 20 - 07 - 2016

Insider data theft and malware attacks top the list of the most significant concerns for enterprise security executives, a new report from Accenture and HfS Research reveals. Of those surveyed, a majority (69 percent) of respondents experienced an attempted or successful theft or corruption of data by insiders during the prior 12 months, with media and technology organizations reporting the highest rate (77 percent). This insider risk will continue to be an issue, with security professionals' concerns over insider theft of corporate information alone rising by nearly two-thirds over the coming 12 to 18 months. Additionally, the research shows that a budget shortage for hiring cybersecurity talent and well-trained employees is hindering the ability of organizations to properly defend themselves against these attacks.
The survey, "The State of Cybersecurity and Digital Trust 2016", was conducted by HfS Research on behalf of Accenture. More than 200 C-level security executives and other IT professionals were polled across a range of geographies and vertical industry sectors. The survey examined the current and future state of cybersecurity within the enterprise and the recommended steps to enable digital trust throughout the extended ecosystem. The findings indicate that there are significant gaps between talent supply and demand, a disconnect between security teams and management expectations, and considerable disparity between budget needs and actual budget realities.
"Our research paints a sobering picture. Security leaders believe threats are not going away, in fact they expect them to increase and hinder their ability to safeguard critical data and establish digital trust," said Kelly Bissell, senior managing director, Accenture Security. "At the same time, while organizations want to invest in advanced cyber technologies, they simply don't have enough budget to recruit or train skilled people to use that technology effectively. To better manage this security problem, businesses will need to work in tandem with the extended enterprise ecosystem – business units, partners, providers and end users – to create an environment of digital trust."
Despite having advanced technology solutions, nearly half of all respondents (48 percent) indicate they are either strongly or critically concerned about insider data theft and malware infections (42 percent) in the next 12 to 18 months. When asked about current funding and staffing levels some 42 percent of respondents said they need more budget for hiring cybersecurity professionals and for training. More than half (54 percent) of respondents also indicated that their current employees are underprepared to prevent security breaches and the numbers are only slightly better when it comes to detecting (47 percent) and responding (45 percent) to incidents.
The report identified five significant gaps disrupting the ability of enterprises to effectively prevent or mitigate well-organized and targeted cyber attacks, including:
Talent: Thirty-one percent list either lack of training or staffing budget as their single biggest inhibitor to combating attacks.
Technology: Firewalls and encryption top the list of the most important technologies to combat cyber threats, but the largest increase in deployments anticipated in the next 12 to 18 months are in the areas of cognitive computing and AI (31 percent) and data anonymization (25).
Parity: An enterprise is only as secure as its least secure partner, yet only 35-57 percent of all enterprises said they assess ecosystem partners for cyber integrity and preparedness, with BPO partners being the least vetted and credit partners being the most vetted.
Budget: Seventy percent cite a lack of, or inadequate, funding for either cybersecurity technology or security talent, including training.
Management: While 54 percent of respondents agree or strongly agree that cybersecurity is an enabler of digital trust for consumers, 36 percent believe that their executive management considers cybersecurity an unnecessary cost.
"While the gaps we identified can be overcome, they do collectively underscore the need for an inherently different approach, one that includes more robust risk management measures and the development of digital trust," said Fred McClimans, research vice president, Digital Trust and Cybersecurity, HfS Research. "There is an important opportunity to address these gaps by rethinking how digital trust and security can be holistically woven into the enterprise fabric through the integration of automation and AI solutions as well as through business partnerships and processes."


Clic here to read the story from its source.