The number of Canadian businesses suffering tangible losses as a result of security attacks, including loss of conf...
June 3, 2008
The number of Canadian businesses suffering tangible losses as a result of security attacks, including loss of confidential information and intellectual property, has doubled in the past two years, a new national survey of Canadian IT security executives by enterprise software company CA Canada states.
According to the CA Canada 2008 Security and Privacy Survey, this year more than 20% of organizations reported a loss of confidential information as a result of security attacks and breaches, up from 10% in 2006.
Loss of intellectual property as a result of security attacks and breaches has also doubled from 8% in 2006 to 16% in 2008.
Poll respondents indicated that one reason for the rise in information and intellectual property loss, among other assets, is the changing nature and source of security threats themselves.
By far, the most dramatic increase in security attacks has come from internal security breaches.
In 2008, one-third of survey respondents identified internal breaches as a key security challenge over the past 12 months compared with less than 5% in 2003.
“The survey indicates that the consequences of security attacks are increasingly about losing dollars and tangible assets,” said Renee Lalonde, regional vice president, CA Canada. “Internal security breaches can be the most dangerous as they strike at the heart of organizations’ efforts to protect customer and transaction data from within.”
In 2008, 17% of survey respondents indicate they have lost revenue, customers or other tangible assets as a result of security attacks, up from 11% in 2006.