One In Three Cyber Attacks Result in Breach As Companies Underestimate Threats

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“MILITARY AND AEROSPACE ELECTRONICS”

“Two to three attacks per month for the average company.

Most companies do not have technology in place to monitor for cyber attacks and instead focus on risks and outcomes that have not kept pace with the threat. As many as one-third of all breaches are not discovered at all by company security teams.

Still, 75 percent of security executives are confident in their ability to protect their enterprises from cyber attacks. The Accenture report titled “Building Confidence: Facing the Cybersecurity Conundrum,” surveyed 2,000 enterprise security practitioners representing companies with annual revenues of $1 billion or more in 15 countries.

Respondents revealed their perceptions of cyber risks, the effectiveness of their security efforts, and the adequacy of existing investments.

There needs to be a fundamentally different approach to security protection starting with identifying and prioritizing key company assets across the entire value chain,” says Kevin Richards, managing director of security at Accenture North America.

While survey respondents say internal breaches have the greatest influence, 58 percent prioritize heightened capabilities in perimeter-based controls instead of pivoting to address high-influence internal threats, Accenture analysts say.

Most companies do not have technology in place to monitor for cyber attacks and instead focus on risks and outcomes that have not kept pace with the threat. Organizations will continue with their same countermeasures instead of investing in different security controls to mitigate threats, analysts say.

Cyber security priorities include protecting the company’s reputation (54 percent), safeguarding company information (47 percent), and protecting customer data (44 percent). Less important is mitigating financial losses (28 percent) or investing in cyber security training (17 percent).”

http://www.militaryaerospace.com/articles/2016/11/cyber-threats-attacks-security.html?cmpid=enl_MAE_WrapUp_2016-11-11&email_address=larsoke4@live.com&eid=297842363&bid=1585818

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About rosecoveredglasses

2 Tours in US Army Vietnam. Retired from 36 Years in the Defense Industrial Complex after working on 25 major weapons systems, many of which are in use today in the Middle East. Volunteer MicroMentor. I specialize in Small, Veteran-owned, Minority-Owned and Woman-Owned Businesses beginning work for the Federal Government. MicroMentor is a non-profit organization offering free assistance to small business in business planning, operations, marketing and other aspects of starting and successfully operating a small enterprise. You can set up a case with me at MicroMentor by going to: http://www.micromentor.org/ key words: "Federal Government Contracting"

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