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Thursday, May 17, 2007

Security: New Study IDs Top Threats

It seems no matter how many companies make the news because of IT security problems—-recent victims and foul-ups include AOL LLC, AT&T Inc., Sovereign Bancorp Inc., the TJX Companies, UCLA and Verizon Wireless—-the perceived state of security resembles Garrison Keillor’s mythical Lake Wobegon, the town “where all the women are strong, all the men are good-looking, and all the children are above average.”  ccording to this year’s security survey, most IT executives still say their corporate security is strong, risk of a breach is moderate or low, and confidence in their ability to fend off attacks is rising.  About 85 percent of our 187 respondents feel certain they can keep their company’s money safe from thieves’ clutches.  But these assurances seem increasingly naïve as time goes on.

Careless behavior by employees combined with spotty security policies provide plenty of openings for scam artists.

A widely reported study by MarkMonitor, an Internet security firm specializing in brand protection, found a rise in “cybersquatting” (using trademarks on illegitimate sites), “clickfraud” (bogus clicks on ads) and “domain kiting” (illicit Web sites with similar names to well-established sites), along with phishing and other scams.

The better gauge of how CIOs truly feel about security is spending: IT security budgets are growing, and companies are plunking down cash for a broader range of technologies and services.  Finding 1: IT Executives Say Security Is Adequate Despite Threats Security snafus often make news, but most CIOs aren’t rattled.  As previous CIO Insight surveys have shown, very few IT executives think their companies are at high risk, and most feel their IT security measures are up to the job.

Finding 1: IT Executives Say Security Is Adequate Despite Threats

Finding 2: Online Fraud and Theft Has Hurt Few Companies

Finding 3: Careless Employees and Lost Laptops Are Danger No. 1

Finding 4:  Weak Protection Policies Put Social Security Numbers at Risk

Finding 5: Companies Are Diversifying Their Security Spending

Finding 6: More Companies Are Backing Off Windows Amid Doubts About Vista Security


http://www.cioinsight.com/article2/0,1540,2134832,00.asp?kc=EWWHNEMNL052407EOAD

Posted on 05/17
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