July 26, 2011

NetIQ Security Survey Reveals Data Theft Surge Despite Increased IT Security Budgets

Organizations Cite Virtualization, Cloud Computing and Mobile Technology as Sources of Security Challenges Today


Press Release

HOUSTON

NetIQ Corporation today announced the results of an IT security survey commissioned through Harris Interactive, revealing the current effectiveness of data protection efforts. While more than one-half of IT budgets are allocated towards security, 70 percent of respondents have been impacted by security breaches and still struggle to mitigate attacks due to limited time and resources. Fifty-five percent of respondents also admit they lack the ability to manage security in virtualized and cloud environments and are least confident in their ability to successfully monitor and secure consumer devices, such as smart phones and tablets. NetIQ and Harris Interactive surveyed 200 IT security decision makers within enterprise organizations. Highlights from the survey include:

  • Approximately eight in ten respondents experienced the following in the past two years:
    • Malware (76 percent)
    • Lost/stolen equipment (75 percent)
    • External data theft (74 percent)
    • Insider data theft (72 percent)
  • Respondents cited the following as their most difficult challenges:
    • Lack of time to monitor vast amounts of data (64 percent)
    • Inability to manage security in the cloud (55 percent)
    • Inability to manage security in virtualized environments (54 percent)

With organizations facing more challenges and risks than ever, IT security budgets continue to grow. Nearly eight in ten (77 percent) respondents indicated IT security budgets are higher this year compared to last, and on average, over one-half (59 percent) of enterprise IT budget is allocated towards security. While survey participants overwhelmingly stated that security solutions have improved in recent years, the amount of stolen data validates that there is still considerable room for improvement:

  • Nearly all respondents agree today's IT security solutions are better than those of five years ago. Four in 10 (44 percent) believe they are "much better."
  • Respondents cited the following as weaknesses of today's security solutions:
    • Handling consumer devices (such as smart phones)
    • The short life span of today's solutions
    • Handling the disappearance of the traditional firewall/perimeter
    • Difficulty in deploying solutions
  • While 65 percent of respondents say they use an identity management solution, external and internal data theft remains high.

"We live in a data-driven society and access to sensitive or proprietary data continues to bleed past organizational walls, making it an ongoing challenge for IT security teams to protect corporate data," said Jay Roxe, Solution Marketing director, NetIQ. "Organizations must be able to monitor activity across multiple environments, proactively identify and mitigate security threats in real time and allow for meaningful data analysis so that proactive controls can be implemented. By requiring these components, IT security teams can make better use of their resources, tackle the integration of new platforms and technologies and ultimately reduce organizational cost and risk."

For more information on the NetIQ Harris Interactive-sponsored survey data please visit: www.novell.com/docrep/2011/07/harris_netiq_survey_infographs.pdf

About NetIQ

NetIQ is an enterprise software company with relentless focus on customer success. Leveraging its WorkloadIQ approach, NetIQ helps customers cost-effectively tackle complex information protection challenges such as FISMA, FDCC/SCAP, PCI DSS, HIPAA, SOX and NERC CIP and securely deliver and manage computing services across physical, virtual and cloud computing environments. For information on how our solutions yield reduced cost, complexity and risk, contact us.

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Amy Sachrison
Director
Media and Analyst Relations

Phone: (713) 418-5368
Email: amy.sachrison@netiq.com