Forty Percent of Mid-Sized Organizations Have Had Data Breaches in the Past Year, and 75 Percent Now Believe a Serious Data Breach Could Force Them out of Business
LAS VEGAS, October 13, 2010 - FOCUS 10 – McAfee, Inc. (NYSE:MFE), the world’s largest dedicated digital security company, today released new research, finding that mid-sized organizations have seen increased attacks on their networks and systems since last year, according to the McAfee report The Security Paradox. The study found that more than half of midsize companies surveyed globally have seen more security incidents in the past year, 40 percent have had data breaches and 75 percent believe a serious data breach could put them out of business.
In its third year, the Security Paradox report quantifies the cost of proactive vs. reactive security, examines mid-sized companies’ attitudes toward security and contrasts them with security realities. More than 83 percent said they were concerned or very concerned that their business could be the target of an intentional and malicious security attack, 51 percent had actually been attacked, and 16 percent of those who were attacked took more than a week to recover. Data loss was the number one consequence of the attack.
Additional research findings:
Research for The Security Paradox was conducted by Bloor Research on behalf of McAfee. In excess of 1,100 surveys were completed with respondents responsible for IT purchasing, management or overall ownership for governance, risk and compliance within organizations of 51 to 1,000 employees worldwide. Surveys were conducted in Australia, Brazil, Canada, China, France, Germany, India, Japan, Mexico, Netherlands, Spain, the United Kingdom and the United States. The results were compared to previous studies conducted in Europe and North America.
“Keeping up with security threats is a significant distraction from running a mid-sized business,” said Alex Thurber, senior vice president of worldwide channel operations for McAfee. “The explosion and sophistication of malware impacts mid-sized organisations who are struggling to grow their businesses against a backdrop of competitive pressures and a slow economic recovery. While the threats have grown, these companies’ resources to fight them have declined, creating a paradox. McAfee continues to focus on helping these IT teams make security a priority without making it a full time job.”
The full methodology and data is available upon request.
About McAfee, Inc.
McAfee, Inc., headquartered in Santa Clara, California, is the world’s largest dedicated security technology company. McAfee delivers proactive and proven solutions and services that help secure systems, networks, and mobile devices around the world, allowing users to safely connect to the Internet, browse and shop the Web more securely. Backed by unrivalled McAfee Global Threat Intelligence, McAfee creates innovative products that empower home users, businesses, the public sector and service providers by enabling them to prove compliance with regulations, protect data, prevent disruptions, identify vulnerabilities, and continuously monitor and improve their security. McAfee secures your digital world. http://www.mcafee.com
NOTE: McAfee is a registered trademark or trademark of McAfee, Inc. or its subsidiaries in the United States and other countries. Other marks may be claimed as the property of others.