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4 Surprising Ways Firms Think About Data Security Costs - Wall Street & Technology

September 11, 2014

4 Surprising Ways Firms Think About Data Security Costs - Wall Street & Technology

Wall Street & Technology, By Becca Lipman

According to the recent Kaspersky Lab survey of worldwide IT professionals, 93% of financial services organizations experienced cyberthreats in the past year. With the number and sophistication of cyber attacks on the rise, it's fair to say the remaining 7% are probably lying, or completely oblivious to what's going on in their systems.

The survey asked 3,900 participants across 27 countries about the obstacles they faced in managing and maintaining their IT infrastructure and in allocating resources to various issues like security and training.

"Protecting highly sensitive data," "preventing IT security breaches," and "data protection" stuck out as the top concerns of IT leaders. As the survey dove deeper into practices and priorities, it became clear that for reasons largely having to do with cost, organizations are not as eager to increase efforts in security. Read more.

4 Surprising Ways Firms Think About Data Security Costs - Wall Street & Technology

4 Surprising Ways Firms Think About Data Security Costs - Wall Street & Technology
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About Kaspersky

Kaspersky is a global cybersecurity and digital privacy company founded in 1997. Innovating the industry with a Cyber Immunity approach, Kaspersky safeguards consumers, businesses, critical infrastructure, and governments from cyberthreats, with over a billion devices protected to date.

Kaspersky ensures Cybersecurity True to Business, focusing on providing clear outcomes, protecting revenue, easing workloads and preventing downtime. Kaspersky’s deep threat intelligence and security expertise is constantly transforming into innovative solutions and services for organizations of every size, from small businesses to large enterprises, combining proven AI-driven protection technologies with simple management and expert support.

Recognized in independent tests and trusted by millions of individuals worldwide and nearly 200,000 organizations, Kaspersky helps detect threats earlier, respond faster and operate with greater confidence and freedom, protecting what matters most to our clients. Learn more at www.kaspersky.com.

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