Firms count the cost of security threats
Source: TheRegister.co.uk - Posted by Benjamin D. Thomas   
Security Security threats soared during 2005, along with the risk of financial losses, but a new report shows that companies still aren't heeding the warnings. According to the State of Information Security 2005 report from PricewaterhouseCoopers and CIO Magazine, not only are security-related events up 22.4 percent on last year's figures, but the number of organisations reporting financial losses as a result of the attacks is also surging. Twenty-two percent of companies said they had been hit financially, compared with last year's 7 per cent.

But despite the growing security threat to businesses, only 37 per cent of respondents have a security plan in place, with only 24 per cent saying that they expected to develop one in the coming year. However, organisations with a chief information security officer (CISO) or chief security officer (CSO) fare a little better, with 62 per cent implementing a security plan.

Read this full article at TheRegister.co.uk

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