Call a Specialist Today! 833-335-0427

The Latest GFI News
Product and Solution Information, Press Releases, Announcements

Latest Research Shows Almost 2/3 Of Companies In The Uk Suffered From Data Breaches In The Last Two Years
Posted: Fri Jul 08, 2016 09:06:06 AM
 
gfi

In a data security research commissioned by GFI Software and Infinigate UK, 58% of surveyed companies reported data breach incidents and data loss in the last two years, but still only 9% of the IT budgets is dedicated to IT security.

London, UK; July 8th 2016 – Information is at the very foundation of every modern company, so any loss of business data can be a real disaster. In the latest data security research, commissioned by GFI Software and Infinigate UK, almost 2/3 of surveyed companies (58% to be exact) reported data breaches in the last two years. To make matters worse, 37% of these attacks on business data integrity were reported to have been a deliberate act from within the company.

figure1

“The first major step in improving data security is giving it the priority it needs. Luckily, 81% of surveyed IT professionals recognize preventing data breaches as one of the top priorities for their IT departments”, explains Sergio Galindo, Chief Operating Officer at GFI Software. “The survey also revealed that only 9% of the total IT budgets is dedicated to IT security, which is not nearly enough, especially with the constantly rising level of security threats, particularly ransomware,” adds Galindo.

Lack of management buy-in (54%), insufficient internal resources and skills (48%) and budget limitations (43%) have been recognized as the main challenges to IT security, with 29% saying the challenges also lay in lack of suitable solutions. The majority of interviewed IT professionals identified The Data Protection Act (53%) and ISO 27001 standard (52%) as the main drivers of change in the IT security sphere.

figure2

“New trends are bringing new challenges to IT managers out there. 61% of surveyed organizations already have a BYOD policy in place, allowing employees to access internal resources through privately-owned mobile devices, and 71% of them are identifying Internet of Things as the next major threat to IT security,” emphasizes Chris Payne, Senior Technical Consultant at Infinigate UK, and adds: “Only about 25% of respondents stated that they are completely confident in their organization being able to successfully tackle security incidents, which is really disappointing given the fact that there are many affordable tools which can simplify infrastructure administration and improve IT security.”

81% of respondents claim that preventing data breaches, along with increasing cloud security, are among their organization’s highest priorities. In contrast to that, 89% of respondents’ organizations undertake a review of their IT security when a high-profile breach is reported in the press, potentially indicating a lack of complete confidence in their current readiness.

figure3

Participants of this research were IT decision makers from UK-based organizations with 200-1,000 employees, spreading across a range of industries, including public sector, and the survey was executed in April 2016 by a specialized technology market research company Vanson Bourne.

 
« Return to News List