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The nCircle Cost and Confidence Research report has revealed that UK board members have low expectations and little peace of mind regarding network security provision in their firms in 2006.
Undertaken online by YouGov in February 2006, the research investigated attitudes of 293 senior managers, including company directors, MDs and CEOs, in mid to large size companies (250+ employees) was commissioned by nCircle, the leading provider of enterprise-class vulnerability and risk management solutions. The research shows a low level of confidence in this group with 38 percent believing that their organisations will be victims of successful cybercrime attacks in 2006, the same proportion as admitted breaches in 2005.
However, even this level of confidence could be misplaced, as a third of senior managers do not know if their company’s security was breached in 2005.
Despite continually escalating security budgets (15 percent growth last year according to Infonetics Research), confidence levels in security provision have not increased amongst the majority of senior managers, (68 percent say it has not increased since last year).
Nearly three quarters (74 percent) of respondents agreed that security issues are now a ‘fact of business life’.
Senior managers may also be losing faith in the ability of their teams, or technology, to stay on top of the security challenge. When asked how senior managers’ confidence could be improved the most popular response was ‘better understanding of the issue myself’ (34 percent). The second most popular answer with 21 percent of votes was ‘improved reporting would lead to more confidence’. 
•Date: 7th April 2006• Region: UK • Type: Article •Topic: ISM
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