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McAfee Study On Big Security Data Reveals Businesses Unable To Harness Its Power To Protect Against Threats

Stocks in this article: INTC

Add after last graph of release and before the Notes to editors paragraph:

Infographic: http://www.mcafee.com/img/infographics/mcafee-big-security-data.jpg

Report: http://www.mcafee.com/us/resources/reports/rp-needle-in-a-datastack.pdf

The corrected release reads:

MCAFEE STUDY ON BIG SECURITY DATA REVEALS BUSINESSES UNABLE TO HARNESS ITS POWER TO PROTECT AGAINST THREATS

Study Finds Only 35 Percent of Businesses Can Quickly Detect Security Breaches and 58 Percent Store Big Security Data for Three Months or Less

McAfee today released a study revealing how organizations around the world are unable to harness the power of Big Data for security purposes. According to the report ‘ Needle in a Datastack’, businesses are vulnerable to security breaches due to their inability to properly analyze or store big data.

The ability to detect data breaches within minutes is critical in preventing data loss, yet only 35 percent of firms stated that they have the ability to do this. In fact, more than a fifth (22 percent) said they would need a day to identify a breach, and five percent said this process would take up to a week. On average, organizations reported that it takes 10 hours for a security breach to be recognized.

“If you’re in a fight, you need to know that while it’s happening, not after the fact,” said Mike Fey, executive vice president and worldwide Chief Technology Officer. “This study has shown what we’ve long suspected -- that far too few organizations have real-time access to the simple question ‘am I being breached?’ Only by knowing this, can you stop it from happening.”

Misplaced security confidence putting organizations at risk

Nearly three quarters (73 percent) of respondents claimed they can assess their security status in real-time and they also responded with confidence in their ability to identify in real-time insider threat detection (74 percent), perimeter threats (78 percent), zero day malware (72 percent) and compliance controls (80 percent). However, of the 58 percent of organizations that said they had suffered a security breach in the last year, just a quarter (24 percent) had recognized it within minutes. In addition, when it came to actually finding the source of the breach, only 14 percent could do so in minutes, while 33 percent said it took a day and 16 percent said a week.

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