Study Finds Nearly 60% of Organizations Believe They Can't Stop Data Theft

Jun 17, 2014

Websense, Inc. released the first report of the Ponemon Institute survey, "Exposing the Cybersecurity Cracks: A Canadian Perspective," uncovering the deficient, and disconnected realities that challenge IT security professionals. The new survey of nearly 240 Canadian IT security professionals reveals a deficit in enterprise security systems, a disconnect in how confidential data is valued, and limited visibility into cybercriminal activity.

In addition to Canada, this research was also conducted in 14 other countries - United States, Australia, China, Hong Kong, Singapore, India, United Kingdom, Germany, France, Netherlands, Sweden, Italy, Mexico and Brazil. 

Fifty-six percent of respondents do not think their organization is protected from advanced cyber attacks and 59% doubt they can stop the exfiltration of confidential information. Most respondents (56%) believe cybersecurity threats sometimes fall through the cracks of their companies' existing security systems. Thirty-six percent of companies represented in this research experienced one or more substantial cyber attacks in the past year. Forty-seven percent of companies do not have adequate intelligence or are unsure about attempted attacks and their impact. Further, 39% say their security solutions do not inform them about the root causes of an attack or they are unsure.

According to respondents, there is a gap between data breach perception and reality - specifically regarding the potential revenue loss to their businesses. A whopping 77% of respondents say their company's leaders do not equate losing confidential data with a potential loss of revenue.