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Big Business Fails to Invest in Cyber Defence
From: InfoSec News <alerts () infosecnews org>
Date: Wed, 24 Jul 2013 07:27:35 +0000 (UTC)
http://www.ibtimes.co.uk/articles/494053/20130724/ftse-350-companies-fail-cyber-security-protection.htm By Alistair Charlton International Business Times July 24, 2013Published today, the report by KPMG accuses FTSE 350 companies of failing to keep their networks safe, and as a result the safety of Britain's economy and national security as a whole could also be under threat due to simple flaws in web security.
By simulating the initial steps a would-be hacker would take to gain access to a website, KPMG found all 350 companies guilty of unintentionally leaking data by leaving employee names, email addresses and sensitive internal file location information online - all of which could be used by hackers to potentially gain access to a company's website and servers.
Martin Jordan, head of cyber response at KPMG, said: "What our research has shown is that companies do not have full control of their web presence at a time when cyber security has been turned upside down.
"Hacking is no longer about a few hacktivists. Now, hacking has become automated on an industrial scale - often with state sponsored agencies behind it - and attackers are aiming for an increased competitive edge by stealing company secrets and IP [intellectual property], or purely seeking financial gain through fraud."
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