Global Study Confirms Security Technology Outdated and Inadequate to Handle Today’s Threats
February 07 2017 - 12:00PM
Business Wire
Global IT Security Study from Citrix and The
Ponemon Institute Shows Sixty-Eight Percent Of Business Respondents
Say Their Organization’s BYO Devices Might be Allowing Criminals To
Access Corporate Networks And Data
There is no one-size-fits-all security solution to address the
threat landscape today’s businesses face. Each organization has
unique security obstacles and obligations. Billions of dollars have
been invested into IT security solutions and increasing annual
security budgets has been an imperative. In fact, 98% of business
respondents reported they will spend over a million dollars in
2017, per a global study by Citrix and the Ponemon Institute.
However, many of the systems and people in place are still not able
to handle today’s threats.
Security threats increase as more devices crowd networks and as
people have more freedom to work from anywhere, on any device. More
devices, especially bring your own (BYO) devices are the new norm,
and businesses need to put information security at the top of their
priority list to ensure apps and data are secure no matter where
they reside or are accessed. On top of this, businesses need
skilled staff to plan how they will reduce risk and improve the
security of their applications and data.
The global study by Citrix and the Ponemon Institute on IT
security infrastructure found that less than half (48%) of survey
respondents said their organization has security policies in place
to ensure employees and third parties only have the appropriate
access to sensitive business information. Not helping is that
nearly 70% of business respondents said that some of their existing
security solutions are outdated and inadequate.
Top security concerns confirmed in the study:
- Poor security deployments: 70%
said their organization had made investments in IT security
technology that was not successfully deployed (e.g.
shelfware).
- Unapproved and rogue app
deployments: 65% of respondents said their organization is not
able to reduce the inherent risk of unapproved applications –
increasing risk, including from shadow IT.
- Unmanaged data at risk: 64% say
their organization has no way to effectively reduce the inherent
risk of unmanaged data (e.g. downloaded onto USB drives, shared
with third parties, or files with no expiration date).
- Talent pool is small: Only 40%
said their organization is successfully hiring knowledgeable and
experienced security practitioners.
While there’s no silver bullet to fixing security business
challenges, survey respondents shared that they believe there are
solutions to help better manage security challenges:
- Creating a unified view: 53%
percent believe a unified view of users across the enterprise.
- Becoming proactive: 48% percent
answered an ability to keep up with new or emerging attacks.
Respondents also shared that some specific improvements can be
made to reduce their overall risk:
- Technology improvements: 65%
believe an improvement in technologies will improve their overall
security posture and reduce risk.
- Staffing investments: 72% say an
improvement in staffing will improve their overall security posture
and reduce risk.
To learn more about the Ponemon Institute survey findings, visit
our landing page or read the blog from Citrix vice president and
chief technology officer, Christian Reilly.
These findings are the second installment of the global study
from Citrix and the Ponemon Institute. The first report reviewed
how business complexity is hindering security postures and adding
to the shadow IT trend.
Quotes
Tim Minahan, chief marketing officer, Citrix“Today’s
constantly evolving cybersecurity threat landscape requires a new,
more flexible IT security framework – one that extends beyond
traditional fixed end-point security approaches to deliver threat
detection and protection of apps and data at all stages. Citrix is
committed to delivering such security for data at rest, in motion,
and in use.”
Stan Black, chief security officer, Citrix“There are too
many security technologies on the market today that add complexity.
Security today is not about the number of security technologies
your business invests in. It’s about investing in the right
security technologies that will help protect applications and data,
no matter where they’re used or stored. Businesses looking to get
ahead of the cyber security threat landscape need to invest in
solutions that have security built into them. When security is
addressed from the start, we can protect more sensitive business
information.”
Survey Methodology
The report conducted by the Ponemon Institute and sponsored by
Citrix, “The Need for a New IT Security Architecture: Global Study”
looked at global trends in IT security risks and reasons why
security practices and policies need to evolve in order to handle
threats from disruptive technologies, cybercrime and compliance
mandates. The research features insights from more than 4,200 IT
and IT security practitioners in Australia/New Zealand, Brazil,
Canada, China, Germany, France, India, Japan, Korea, Mexico,
Netherlands, United Arab Emirates, United Kingdom and the United
States.
Related Links
- Study Results: The Need for a New IT
Security Architecture: Global Study on the Risk of Outdated
Technologies
- Citrix CTO Blog: The Need For A New IT
Security Architecture: Global Study On The Risk Of Outdated
Technologies by Christian Reilly
- Citrix CSO Blog: Ninety-nine Problems
and Security is the Biggest One by Stan Black
- Behold! The IT Archeological Dig – Yes,
Complexity is the Enemy of Security by Florin Lazurca
- Citrix.com/secure
Follow Citrix
- Facebook.com/Citrix
- Twitter: @Citrix
About Citrix
Citrix (NASDAQ:CTXS) aims to power a world where people,
organizations and things are securely connected and accessible to
make the extraordinary possible. Its technology makes the world’s
apps and data secure and easy to access, empowering people to work
anywhere and at any time. Citrix provides a complete and integrated
portfolio of Workspace-as-a-Service, application delivery,
virtualization, mobility, network delivery and file sharing
solutions that enables IT to ensure critical systems are securely
available to users via the cloud or on-premises and across any
device or platform. With annual revenue in 2016 of $3.42 billion,
Citrix solutions are in use by more than 400,000 organizations and
100 million users globally. Learn more at www.citrix.com.
For Citrix Investors
This release contains forward-looking statements which are made
pursuant to the safe harbor provisions of Section 27A of the
Securities Act of 1933 and of Section 21E of the Securities
Exchange Act of 1934. The forward-looking statements in this
release do not constitute guarantees of future performance. Those
statements involve a number of factors that could cause actual
results to differ materially, including risks associated with the
impact of the global economy and uncertainty in the IT spending
environment, revenue growth and recognition of revenue, products
and services, their development and distribution, product demand
and pipeline, economic and competitive factors, the Company's key
strategic relationships, acquisition and related integration risks
as well as other risks detailed in the Company's filings with the
Securities and Exchange Commission. Citrix assumes no obligation to
update any forward-looking information contained in this press
release or with respect to the announcements described herein. The
development, release and timing of any features or functionality
described for our products remains at our sole discretion and is
subject to change without notice or consultation. The information
provided is for informational purposes only and is not a
commitment, promise or legal obligation to deliver any material,
code or functionality and should not be relied upon in making
purchasing decisions or incorporated into any contract.
© 2016 Citrix Systems, Inc. All rights reserved. Citrix is a
trademark of Citrix Systems, Inc. and/or one or more of its
subsidiaries, and may be registered in the U.S. Patent and
Trademark Office and in other countries. All other trademarks and
registered trademarks are property of their respective owners.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170207005330/en/
CitrixJamie Lasecke,
+1-408-790-8775Jamie.Lasecke@Citrix.comTwitter: @CitrixPR
Citrix Systems (NASDAQ:CTXS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Citrix Systems (NASDAQ:CTXS)
Historical Stock Chart
From Apr 2023 to Apr 2024