Category: Internet

91% of Organizations Perceive Cybercrime as Major Business Risk

Published: 10 September 2008
Written by NStinchcombe

Finjan’s Survey Finds that 91% of Organizations Perceive Cybercrime as a Major Business Risk Finjan’s Web Security survey confirms the Cybercrime threat of data-stealing crimeware to organizations as a major business risk Farnborough, United Kingdom, 10th September 2008 - Finjan Inc., a leading provider of secure web gateway solutions for the enterprise market, today announced the findings of its Web security survey of 1387 IT/Security professionals conducted during July 2008. The results reveal that an overwhelming number of respondents perceive cybercrime as a major business risk, specifically the possibility of their sensitive information such as customer, patient, and employee data being stolen by crimeware.

  Following its Q2 Trend Report findings about today’s cybercrime economy and its modus operandi, Finjan conducted an online survey to determine the current perception of Cybercrime and Web 2.0 risks to organizations. Respondents were asked 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 loss of productivity, and about security solutions and Web 2.0 policies. Key findings from the survey:

  • 91% of all respondents stated that they perceive cybercrime as a major business risk (e.g. loss of customers, brand name damage, lawsuits etc.)
  • 73% of the all responding CIOs and CSOs were more concerned about data theft (crimeware stealing their business data) than about downtime and loss of productivity due to virus infections
  • The majority of the respondents (68%) indicated that their corporate intellectual property and sensitive information is at risk of data-theft
  • More than half of the respondents (54%) worry about their corporate employee information being stolen 
  • 47% of all respondents listed theft of their corporate customer information as a major business concern
  • In the banking and financial sector, 95% of the respondents perceived cybercrime as a major business risk to their organization
  • Of the responding healthcare providers, 73% listed their patients’ medical records as the main potential cybercrime target
  • 25% of the respondents reported that their data had been breached, with an overwhelming 42% of respondents who could not exclude the possibility of a breach
  • 67% of respondents knowledgeable about web security listed real-time content inspection technology as the preferred web security solution ”As the Web has become the major malware infection channel, crimeware-filtering capability has become a critical component in organizations’ Web security strategy,” said Yuval Ben-Itzhak, Chief Technology Officer at Finjan.
 “Today, more and more corporate data is at risk of being stolen by cybercriminals. Our Web security survey report provides an important insight on how organizations perceive cybercrime today and their preferred solution to prevent it.” Finjan’s RUSafe® enables enterprises to find out if they might have been breached. It scans web traffic using Finjan’s security engines, without the need to change the security infrastructure and network topology. It provides enterprises a clear snapshot of the true nature of their web traffic over a pre-defined timeframe, without disrupting in-line live traffic. Finjan’s Secure Web Gateway Solution prevents malware and Web 2.0 attacks using its patented active real-time content inspection technologies. Malicious inbound and outbound content is detected based on the code’s intended criminal action; not on signatures, URLs or reputation attributes. Inspected content hiding in HTTPs/SSL traffic remains encrypted when entering and exiting the appliance. With the use of real-time code inspection enterprises can be sure that no malicious content enters their networks and steals their valuable business data. More details on the growing Cybercrime threat and how to protect against it, can be found at www.finjan.com Full details of the Web security survey can be downloaded from http://www.finjan.com/Content.aspx?id=827 Diagrams and graphics of the survey can be found at http://www.finjan.com/Content.aspx?id=428 About Finjan Finjan is a global provider of secure web gateway solutions for the enterprise market. Our real-time, appliance-based web security solutions deliver the most effective shield against web-borne threats, freeing enterprises to harness the web for maximum commercial results. Finjan’s real-time web security solutions utilize patented behavior-based technology to repel all types of threats arriving via the web, such as spyware, phishing, Trojans, obfuscated code and other malicious code, securing businesses against unknown and emerging threats, as well as known malware. Finjan's security solutions have received industry awards and recognition from leading analyst houses and publications, including Gartner, IDC, Butler Group, SC Magazine, eWEEK, CRN, ITPro, PCPro, ITWeek, Network Computing, and Information Security. With Finjan’s award-winning and widely used solutions, businesses can focus on implementing web strategies to realize their full organizational and commercial potential. For more information about Finjan, please visit: www.finjan.com.