Malware plague hits 40% of firms

Pro

2 April 2007

Nearly half of companies globally have suffered a business disruption owing to malware, according to Webroot Software‘s latest State of Internet Security report.

The organised nature, rapid growth and severity of cyber-crime has pushed it to the FBI‘s number three priority behind counter-terrorism and counter-intelligence. 

Webroot’s research discovered that 4.2 million, or 1.7%, of 250 million URLs around the world harbour malware. Almost three million of these malicious sites were discovered in 2006 alone.

 

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“Our research has shown that the methods of infection, which just a short time ago were considered incredibly advanced, are now commonplace, demonstrating how quickly today’s threats are evolving into a global security concern,” said Webroot chief executive Peter Watkins.

“Despite the growth and severity of malware, over 60% of businesses do not have an information security plan. Businesses need to control this threat by adequately protecting themselves and their customers.”

The study also found that over 40% of the companies surveyed reported business losses from a variety of spyware-related issues.

The most unsettling finding is that 26% of enterprises reported that confidential information had been compromised as a result of spyware.

At the heart of this alarming trend is the rate of spyware infection. Some 39% of companies reported Trojan attacks, while 24% reported system monitor attacks and 20% pharming and key-logger attacks.

The latest report from the UK-based Small Business Technology Institute found that 20% of companies do not have adequate virus protection, despite the growing threats and the legal and regulatory compliance legislation. 

It also found that two-thirds of companies do not have an information security plan, and many only make a security decision after suffering a damaging information security incident.

“It is obvious from this research that businesses worldwide are operating under a false sense of security,” said Watkins.

“Because of the impact on corporate revenues and reputation that unprotected users can cause, proactive security should be a top priority for every company.”

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