Many businesses believe they can be hacked

Businesses aren’t investing enough to protect their businesses from data breaches. What’s more, even the funds they are investing are going down the wrong path.

New research from digital security firm Gemalto found that, despite the increasing number of data breaches and nearly 1.4 billion data records being lost or stolen in 2016, the vast majority of IT Professionals still believe perimeter security is effective at keeping unauthorized users out of their networks.

Almost all (94 percent) of the companies surveyed said that they see perimeter security as effective, while 65 percent aren’t extremely confident (down from 69 percent last year).

Still, only 59 percent think their sensitive data is secure.

The research says 76 percent increased their spending on perimeter security, yet 68 percent think a hacker could access their network.

"It is clear that there is a divide between organizations’ perceptions of the effectiveness of perimeter security and the reality," says Jason Hart, vice president and chief technology officer for data protection at Gemalto.

"By believing that their data is already secure, businesses are failing to prioritize the measures necessary to protect their data. Businesses need to be aware that hackers are after a company’s most valuable asset -- data. It’s important to focus on protecting this resource, otherwise reality will inevitably bite those that fail to do so."

The full report, entitled Data Security Confidence Index, can be found on this link.

Published under license from ITProPortal.com, a Future plc Publication. All rights reserved.

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