GEC NEWS WIREArbor Survey Reveals Time to Identify Advanced Threats is a huge setback for retail & finance firms
Financial Services and Retail organizations agree, advanced threats are the most serious security challenge facing their organizations. Despite the concern, both industries struggle to identify these attacks once they are inside their network, according to a new Ponemon Institute Survey, sponsored by Arbor Networks. Known as ‘dwell’ time, the time it takes to identify these attacks is 98 days for Financial Services firms, and 197 days for Retail. Despite these results, 58 percent of Financial Services and 71 percent of Retail organizations said they are not optimistic about their ability to improve these results in the coming year. This is alarming considering the number of attacks targeting their networks. Within Financial Services, 83 percent experienced more than 50 attacks per month, while 44 percent of Retail firms did.
“The big takeaway from our research is that more investment is needed in both security operations staff and in security tools, which can help companies efficiently and accurately detect and respond to security incidents,” said Dr. Larry Ponemon, chairman and founder, Ponemon Institute. “The time to detect an advanced threat is far too long; attackers are getting in and staying long enough that the damage caused is often irreparable.” “It’s time to find a better balance between technology solutions, usability, workflow and the people who use them. As security vendors, we need to help our customers so they can adapt to this new cyber security reality that balances the threats with the people who fight them every day,” said Matthew Moynahan, president of Arbor Networks.
