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97% of IT Decision Makers at Financial Services and 93% at Retail Organizations Say Their Organization is Vulnerable to Insider ThreatsSAN JOSE, Calif., Feb. 24, 2015 /PRNewswire/ -- Vormetric, a leader in enterprise data security for physical, big data, public, private and hybrid cloud environments, today announced the retail and financial-focused results of its 2015 Vormetric Insider Threat Report conducted online by Harris Poll in fall 2014 among 408 U.S. IT decision makers, with greater emphasis surrounding U.S. retail and financial enterprise threat perceptions and needs. Similar to the global ITR released in January, the role of privileged insiders and employee data access is explored in more specific detail, along with spending motivations and attitudes towards compliance standards. ClickToTweet: 97% of U.S. financial services respondents report being somewhat or more vulnerable to insider threats. See http://bit.ly/1HBvHVg ClickToTweet: 48% of U.S. retail respondents experienced a data breach or failed a compliance audit in the last 12 months. http://bit.ly/1HBvHVg Ordinary employees, privileged users and the supply chain – such as contractors and third party service providers – are all conduits for a traditional insider threat. But the spectrum of insider threats also includes the compromise of these insider accounts by hackers using Advanced Persistent Threat (APT) attacks and other methods. As cloud and big data adoption accelerates, these new technologies also bring new risks to organizations with additional administrative roles and potentials for infrastructure compromise. "Retailers and financial services organizations are feeling the heat. Over 51% of retail respondents reported being very or extremely vulnerable to these attacks - the highest rates measured in the study. Financial services respondents reported the overall highest level of vulnerability at 97%," said Alan Kessler, CEO of Vormetric. "Surprisingly, the data also shows that organizations are not connecting the dots about how to solve the problem. These organizations continue to invest at similar rates in both the network and end point security technologies that consistently fail under today's attacks, as well as the data-at-rest solutions that can help them to solve the problem." ey Findings for Financial Services:
Key Findings for the Retailer Sector
"Within the past 3-5 years, threats have changed dramatically and will continue to do so in the year ahead," said Andrew Kellett, lead analyst for Ovum and author of the 2015 Vormetric Insider Threat Report – Global Edition. "Vulnerable sectors like the retail and financial industries need to understand that compliance standards evolve too slowly to keep up with fast moving threats, and even then ticking all the compliance boxes is no guarantee of safety. As a result, their continued confidence in these standards is curious. There is also a real need for them to take a fresh look at their IT security investments, and to prioritize the security controls that can help them better protect their data." With data security now a board-level issue, organizations need to make it a priority to develop a focused IT security strategy that includes:
The survey results and research reports for Financial Services and Retail are available from Vormetric and can be found here. Source/Methodology About Vormetric Logo - http://photos.prnewswire.com/prnh/20130626/SF38541LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/97-of-it-decision-makers-at-financial-services-and-93-at-retail-organizations-say-their-organization-is-vulnerable-to-insider-threats-300040070.html SOURCE Vormetric |