The potential security vulnerabilities facing companies as their enterprise grows
The ever-increasing reliance of business on IT, rising complexity in supply chains, rapid changes in technology and an aggressive cyber threat environment mean that this issue is going to get worse before it gets better
Interesting article from Siliconrepublic last year about a report from Ernst & Young regarding the potential vulnerabilities facing companies as their enterprise grow, here at Hybrid TP we can offer businesses a full security audit as well as the implementation of ISO 27001.
93 percent of firms worldwide plan to beef up IT security measures
With cybercrime now representing one of the leading threats to businesses today, 93pc of companies globally plan to maintain or increase their investment in cybersecurity.
A new global study by Ernst & Young (EY) of 1,900 senior executives in 64 countries found that 83pc of organisations claim their information security functions are not meeting their needs.
Austerity measures brought on by the global economic crisis have increased the risk of security breaches, such as those involving bank accounts or payment card data.
The study makes interesting reading in light of the recent hack attacks by cyber-criminals that exposed the data of thousands of SuperValu and Axa loyalty scheme customers.
Despite half of the respondents planning to increase their budget by 5pc or more in the next 12 months, 65pc cite insufficient budgets as their No 1 challenge in order to operate at the level business expects.
This challenge exists against a backdrop where 65pc of Irish organisations cite an increase in external security threats and 35pc of Irish organisation cite an increase in internal vulnerabilities in the past year.
“The ever-increasing reliance of business on IT, rising complexity in supply chains, rapid changes in technology and an aggressive cyberthreat environment mean that this issue is going to get worse before it gets better,” said Ivan O’Brien, director at EY Advisory Services.
“It is no longer a question of if, but when, a company will be the target of cyberattacks.”
Full article as appeared on Sillicon Republic
If you need to know more about avoiding cyber attacks, take a look at our site for some services we provide from IT support services and ISO 27001 implementation.