Computer Criminals Continue to Vex IT Groups

As security breaches rise, CIOs and CISOs aren't as good as they think they are at protecting corporate assets.

CIOs and IT security teams generally aren't keeping up with technology attacks from around the world, which are growing in number and severity. Figuring out how to manage trouble directed at cloud computing and consumer technologies, in particular, vexes corporate IT groups, according to the 11th annual Global Information Security Survey magazines.

Overall, organizations are spending more on IT security, with an average budget of $4.3 million this year compared to $2.8 million last year. But computer criminals keep coming. The number of attacks the average organization detected in the past year increased 25 percent to 3,741, up from 2,989 last year, according to the survey of more than 9,600 C-level executives, vice presidents and directors worldwide.

The average loss per incident climbed, too--by 18 percent. And large-scale losses grew even faster: Incidents costing more than $10 million are up 51 percent from two years ago.

"The bad guys basically go where they want to go and do what they want to do, and they're not being stopped," says Eric Cowperthwaite, former CISO of Providence Health and Services.

Yet top executives are quite confident in their security efforts, the survey finds, with 84 percent of CEOs and 82 percent of CIOs saying their programs are effective. Even CISOs--usually a cautious bunch--are only slightly less sure, with 78 percent expressing confidence.

Another disturbing statistic: The percentage of respondents who don't know if they've been breached has doubled in the past two years, from 9 percent to 18 percent. Brad Stroeh, vice president of network and security services at First Financial Bank, says there's generally not enough focus on incident response. "And it's surprising because there's not an organization out there that isn't at risk."

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