Cybercrime becoming 'major business risk' - report

Over 90 per cent of respondents to the latest Finjan Web Security Survey Report now perceive cyber-crime as a major business risk - specifically the possibility of sensitive information (such as customer, patient, and employee data) being misappropriated by crimeware, a class of malware designed to automate financial crime.

Respondents were quizzed about business risks resulting from crimeware attacks, the potential damage that successful attacks might inflict, their knowledge of being breached, their main concern with respect to data theft and productivity loss, and about security solutions and Web 2.0 policies.

The key findings from the survey include:

  • 25 per cent of the respondents reported that their ‘data had been breached’, with a 42 per cent of respondents who could not exclude the possibility of a breach.
  • 47 per cent of all respondents listed theft of their corporate customer information as ‘a major business concern’.
  • 54 per cent of respondents worry about their corporate employee information being filched.
  • 67 per cent of respondents knowledgeable about web security listed real-time content inspection technology as the preferred web security solution.
  • 68 per cent of respondents indicated that their corporate intellectual property, and sensitive information, is at risk of data-theft.
  • In the banking and financial sector, 95 per cent of the respondents perceived cyber-crime as a major business risk to their organisation.
  • Of the responding healthcare providers, 73 per cent  listed their patients’ medical records as the main potential cybercrime target.

Crimeware-filtering capability has become ‘a critical component in organisations’ Web security strategy’, believes Yuval Ben-Itzhak, chief technology officer at Finjan.

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