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Cost of mobile security hits climbing, Check Point survey finds

Check Point Software Technologies Ltd.’s second mobile security report reveals that the majority of businesses (79%) had a mobile security incident in the past year and that the costs are substantial.


June 12, 2013  


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Check Point Software Technologies Ltd.’s second mobile security report reveals that the majority of businesses (79%) had a mobile security incident in the past year and that the costs are substantial.

The recently released report found that mobile security incidents tallied up to over six figures for 42% of businesses, including 16% who put the cost at more than $500,000.

“From smartphones to tablets, mobile devices continue to cause ongoing concern for IT teams responsible for information security,” the company said in a release.

“Sensitive corporate information can be easily transported, leaked, or lost while the Bring Your Own Device (BYOD) movement has dramatically increased the number of expensive security incidents. Even so, corporate information, including sensitive customer information, are increasingly stored on personal mobile devices and not managed by corporate IT.”

Based on a survey of nearly 800 IT professionals, the report quantifies the dramatic growth of BYOD, exposes the frequency and cost of mobile security incidents, and identifies the main challenges faced by businesses of all sizes.

Key findings include:

* Surge in Personal Mobile Devices Connecting to the Corporate Network – Among companies that allow personal mobile devices, 96% say the number of personal devices connecting to their corporate networks is growing, and 45% have more than five times as many personal mobile devices as they had two years ago.

* Mobile Security Incidents Common and Costly for Businesses Large and Small – More than half (52%) of large businesses report mobile security incidents have amounted to more than $500,000 in the past year. Even for 45% of SMBs with less than 1,000 employees, mobile security incidents exceeded $100,000 in the past year.

* Mobile Platform with the Greatest Perceived Security Risks – Android was cited by 49% of businesses as the platform with greatest perceived security risk (up from 30% last year), compared to Apple, Windows Mobile, and Blackberry.

 “Without question, the explosion of BYOD, mobile apps, and cloud services, has created a herculean task to protect corporate information for businesses both large and small,” said Paul Comessotti, Canadian regional director at Check Point. “An effective mobile security strategy will focus on protecting corporate information on the multitude of devices and implementing proper secure access controls to information and applications on the go. Equally important is educating employees about best practices as majority of businesses are more concerned with careless employees than cybercriminals.”