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Annual cost of security on average setting enterprises back $2m

Simon Quicke

Security remains one of the top issues for enterprises with three quarters suffering an attack last year which is costing firms millions to protect against.

A landscape of increased threats and companies with fewer staff to counter them has emerged in the Symantec annual State of the Enterprise Security Study which looked to establish a global picture of the market.

Some of the results will make interesting reading for resellers with 42% of those quizzed revealing securing data was the most pressing concern, ahead of natural disasters and terrorism.

In the last year 75% of enterprises had been hit by cyber attacks and every company surveyed admitted to suffering losses with credit card and theft of customer information being the most common things targeted.

On average enterprises were spending $2m a year to combat attacks but the job was getting harder because of cuts in staffing and compliance demands.

Francis deSouza, senior vice president, enterprise security at Symantec, said the demands on those protecting information was increasing.

"By putting in place a security blueprint that protects their infrastructure and information, enforces IT policies, and manages systems more efficiently, businesses can increase their competitive edge," he said.

Symantec had a series of recommendations for firms to take to ensure they are protected including widening the infrastructure secured, developing and enforcing policies and enforcing patches.

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