More than 90% of Organizations Perceive Cybercrime as a Major Business Risk, Says Survey

A survey of nearly 1400 IT/Security professionals by Security Outfit Finjan revealed 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.

More than 90% of all respondents stated that they perceive cybercrime as a major business risk (e.g. loss of customers, brand name damage, lawsuits etc.) with 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 and more than half of the respondents (54%) worry about their corporate employee information being stolen.

Furthermore, 47% of all respondents listed theft of their corporate customer information as a major business concern while 95% of the respondents perceived cybercrime as a major business risk to their organization in the banking and financial sector.

A quarter 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 but a worrying third of respondents knowledgeable about web security did not 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.”