Cyber Crooks Have Edge

09/15/2010


Less than 6 percent of respondents were “highly confident” that private enterprises have sufficient controls in place to minimize the occurrence of cyber crime. Almost 40 percent of respondents are “not confident” in controls implemented by private enterprises.

Results from a cyber crime prevention webcast done by Deloitte showed an even split among respondents regarding whether or not their organization was likely to experience an electronic security breach in the next 12 months. Of those polled, 41.7 percent believed it was “likely” or “extremely likely” that an electronic security breach would occur in this time frame, while 38.4 percent felt it was “unlikely” or “extremely unlikely.”

“Cyber crime is far more common and creates a larger threat than respondents may recognize,” said John Kula, director in the forensic & dispute services practice of Deloitte Financial Advisory Services. “Based on the results of this poll, it appears that many organizations are leaving themselves vulnerable to cyber crime because there might be a false sense of security, or perhaps even complacency. Many organizations are failing to recognize the prevalence of cyber crimes in their IT environments and consequently could be misallocating limited resources to lesser threats.”

When asked what their experience was with respect to cyber crime, 68.4 percent said they have received phishing e-mail messages and 12.1 percent of respondents reported cyber criminals targeted their organizations. Participants believed the type of information senior management in their organizations was most concerned with cyber criminals gaining access to, as it pertains to being vulnerable to attempted breaches of electronic information security, was customer personal information (38.1 percent), financial information (21.8 percent), followed by intellectual property or business plans (12.2 percent).

“Cyber crime innovation and techniques have outpaced traditional security models,” said John Clark, partner in the security & privacy services practice of Deloitte & Touche LLP. “That’s what makes it so important to gather intelligence data internally and externally to understand the threats, and then to act on that intelligence. If companies don’t have the tools in place to be informed and to prevent breaches, it could lead to significant risks, potentially leading to financial losses, regulatory issues, and a loss of client and public confidence.”

More than 1,400 business professionals from the aerospace and defense, banking and securities, consumer products, energy and resources, financial services, health care providers, insurance, investment management, life sciences and health care, media and entertainment, oil and gas, process and industrial products, real estate, retail, wholesale, distribution, technology, media and telecommunications industries responded to the online polling questions during the July 2010 Deloitte Private Companies series webcast titled “Cyber Crime: Phishing and Hacking and Fraud, Oh My!”

 

Supplied by ISSSource.com

http://isssource.com/companies-unarmed-to-fight-cyber-crooks/



No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
World-class maintenance: The three keys to success - Deploy people, process and technology; 2016 Lubrication Guide; Why hydraulic systems get hot
Your leaks start here: Take a disciplined approach with your hydraulic system; U.S. presence at Hannover Messe a rousing success
Hannover Messe 2016: Taking hold of the future - Partner Country status spotlights U.S. manufacturing; Honoring manufacturing excellence: The 2015 Product of the Year Winners
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
Digital oilfields: Integrated HMI/SCADA systems enable smarter data acquisition; Real-world impact of simulation; Electric actuator technology prospers in production fields
Improving flowmeter calibration; Selecting flowmeters for natural gas; Case study: Streamlining assembly systems using PC-based control; CLPM: Improving process efficiency, throughput
Putting COPS into context; Designing medium-voltage electrical systems; Planning and designing resilient, efficient data centers; The nine steps of designing generator fuel systems
Warehouse winter comfort: The HTHV solution; Cooling with natural gas; Plastics industry booming

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
This article collection contains several articles on the vital role that compressed air plays in manufacturing plants.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
This article collection contains several articles on strategic maintenance and understanding all the parts of your plant.
click me