Tuesday, 7th April 2020

Many organizations still sacrifice security

The third annual Verizon Mobile Security Index takes a deep dive into the state of mobile security, looking at different types of threats and offering tips to protect your environment.

The third annual Verizon Mobile Security Index finds that a large number organizations are still compromising mobile security to get things done, which can leave entities at risk. About four out of 10 respondents (43 percent) reported their organization had sacrificed mobile security in the past year. Those that did were twice as likely to suffer a compromise.

In fact, the study found that 39 percent of respondents reported having a mobile-security-related compromise. Sixty-six percent of organizations that suffered a compromise called the impact “major,” and 55 percent said the compromise they experienced had lasting repercussions.

“In today’s world, mobile connectivity is more important than ever. Organizations of all sizes and in all industries rely on mobile devices to run much of the day to day operations, so mobile security is a priority,” said Bryan Sartin, executive director, global security services with Verizon. “The types of devices, diverse applications and further emergence of IoT devices further complicate security. Everyone has to be deliberate and diligent about mobile security to protect themselves and their customers.”

Because mobile attacks aren’t industry specific, this year’s Verizon Mobile Security Index 2020 features supplemental vertical reports in key segments including: financial services; healthcare; manufacturing; public sector; retail and small and medium business. The report also discusses the importance of mobile security in pivotal technologies like cloud and IoT and how the emergence of 5G will impact security. And with 80 percent of organizations saying that mobile will be their primary means of accessing cloud services within five years, now is the time to hone in on mobile security.

The obvious question is: what should organizations do? The report highlights users, apps, devices and networks as the four key mobile attack vectors. The report includes a number of tips on how organizations can safeguard against mobile security threats, including establishing a “security-first” focus, developing and enforcing policies and encrypting data over unsecured networks.

Survey snapshots:

  • Five of six (83 percent) respondents answered 8 or higher when asked to rate how crucial mobile is to the smooth running of their business (on a 10 point scale)
  • 43 percent of organizations sacrificed security, with the top reasons being time (62 percent), convenience (52 percent) and profitability targets (46 percent).
  • 20 percent of organizations that suffered a mobile compromise said that a rogue or insecure Wi-Fi hotspot was involved.
  • 31 percent of those surveyed admitted to having suffered a compromise involving an IoT device.
  • 84 percent of organizations said that their reliance on data stored in the cloud is growing.
SonicWall has unveiled an enhanced version of its SecureFirst Managed Security Service Provider (MSS...
Provides a 360-degree visibility into the threat landscape and protects from malware & ransomware at...
Managed service provider eacs has formed a new strategic alliance with Memset, a leading provider of...
Wizards of the Coast is using ExtraHop Reveal(x) Cloud to provide frictionless security for agile ga...
Research into diameter reveals the underpinning protocol’s biggest threat to 4G users is denial of s...
Over half (58 percent) of organisations have migrated at least one quarter of their security tools t...
Claroty has released research into the state of industrial cybersecurity worldwide, which found that...
The number of businesses suffering cybersecurity breaches or attacks is on the rise again after fall...