Users fail to heed security warnings


Users fail to heed security warnings

Businesses are failing spectacularly in their security provision, according to reports by Datamonitor and Control Risks Group (CRG).

Datamonitor's White Paper Removing the Roadblock to E-business says few online businesses are taking security seriously enough, with the majority spending just 5% of their budgets on securing company assets.

This complacency was also identified by CRG, which recently questioned more than 100 key personnel in FTSE 500 organisations.

CRG found that only 54% of the companies had conducted a penetration test on their IT systems, while less than half believed that the costs of making networks secure outweighed the possible losses.

Datamonitor's research is based on a survey of 250 IT network managers and 12,000 consumers in the UK and Europe.

Ian Williams, technology analyst at Datamonitor, said, "Despite the fact that a significant number of firms have suffered problems with unauthorised access, over 30% have yet to implement adequate security."

Datamonitor estimates that the 'I love you' virus in May caused $1bn worth of damage to businesses worldwide and is urging users to realise that better security is an integral part of being a successful business.

Williams said, "The best thing a company can do is to get some good advice from someone. [The attack] at Microsoft shows that no matter how good your systems, you are still under threat."

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This was first published in November 2000


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