Firms log 83 percent of threats for security breach

By siliconindia   |   Friday, 08 May 2009, 15:53 IST
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Firms log 83 percent of threats for security breach
Mumbai: Despite the huge losses incurred by the Indian firms due to security threats, the IT security spending remains low in the country compared to the other fast growing economies. Companies in India log 83 percent of threats due to internal security breach, as per a study. "The procurement of IT security products in these companies was purely demand based and adherence to standards is abysmally low," said Girish Trivedi, Deputy Director, ICT Practice, Frost & Sullivan, South Asia and Middle East. The findings based on a survey conducted by Frost & Sullivan at the South Asia Enterprise Security Summit 2009, also pinpoints that internal security breaches by employees constituted 43 percent. The former employees constituted 28 percent of breaches and partner/supplier (12 percent). Of the companies, 42 percent suffered financial losses, while 35 percent suffered intellectual property losses. In the survey, which was conducted on CIOs across industries, 85 percent of the respondents believed that Viruses, Worms and Trojan Horses were the major disquiet in today's IT environment. Of the respondents, 30 percent felt that DOS/DDOS sometimes became a major challenge for them. Though not a regular attack the effects of DOS/DDOS were very stern. Downtime and physical security were some of the other security concerns for CIOs.

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