If we are to go by the estimates and statistics of the world leader in security provision, the present scenario is really the most horrible one concerning the cyber security of the organizations all throughout the globe. Just a few days back Symantec Corp released the findings of it’s global State of Enterprise Security Study, a study that surveyed over 2000 enterprises from 27 countries out of which 125 from Australia and 75 from New Zealand.

The study says that security is top issue for 43% organizations in both countries i.e. the ones in the ANZ region,  Australia and New Zealand and for 42% globally. Out of the overall ompanies surveyed in both nations, the cyber attacks in 12 months were experienced by  89% and 75%  globally. As a result the attacks cost the organizations individually an astounding $2million every single year at an average, which is surely asking for trouble and is extremely non salubrious for top officials of all organizations.

The major losses reported are corporate data, customer info theft that is generally customer credit card or other financial information and identity theft. So translated to aggregate cost form, the top three costs were productivity, revenue, and loss of customer trust. As Vice-president and managing director for the Pacific region of Symantec Corp Craig Scroggie said the results reinforced that organizations were concerned about security. “It’s not only the financial impact to consider then, but the damage to brand and reputation,” Mr. Scroggie added.

A sudden augmentation in attacks is observed according to security experts because of three major specific reasons:

1. The security departments are understaffed according to organizations despite being assigning an average of 120 staffers to security and IT compliance.
2. ‘IT compliance’, which for obvious reasons has proved appalling at times
3. Organizations going on board with new IT initiatives which asks for new security measures every time.
4. Another revelation that comes from the statistics of the survey says that 94% of the organizations are predicting changes in technology, which is no incongruous, and almost half that number about 48% are expecting major changes in the time to come. At a time when organizations like “Abu Dhabi Commercial Bank” are going with the thumb rule of ‘precaution is better than cure’ by establishing an infrastructure that provides 24-hour protection, Symantec has come up with certain recommendations for all the organizations which make imperative the protection of infrastructure by securing messaging and web development. It also suggests companies to have visibility and security intelligence to respond to threats.

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