September 20, 2012
Web application breaches are becoming more commonplace among businesses, resulting in the loss of time and money during data restoration.
According to a recent report conducted by Forrester Consulting, the majority of companies (51 percent) have suffered at least one security breach within the last 18 months. As a result, organizations have lost between $500,000 and $10 million, reported Help Net Security.
The survey also shows that the majority of businesses have failed to implement security measures despite technology experts' recommendations. Seventy-one percent of respondents cited lack of funding as a reason for not using protection, while time restraints (41 percent) and a lack of appropriate technologies (71 percent) explained why they did not install a security system, according to the source.
U.S. companies are not taking the proper steps to protect their exposed computer networks, Deputy U.S. Defense Secretary Ashton Carter told Reuters.
Only 42 percent of respondents to the survey said their company follows network security guidelines, and even fewer (17 percent) conduct tests to determine if a specific protection works.
To assist organizations with concerns, experts urge users to install software and firewalls to block attacks. Passwords and encryptions should also be used to secure data stored on a server, and employees should be trained on how to handle a breach. As hackers find ways to infiltrate computer systems, companies should stay one step ahead and implement security measures as a form of data loss prevention.
-McAfee Cloud Security