Theft of IP is top security concern among organizations

On an average, the security offered by Indian organisations stands at 4.7 on a scale of 10, a Ponemon Institute report stated.

The report 'Efficacy of Emerging Network Security Technologies' commissioned by Juniper Networks highlights that securing web traffic is the most significant area for security concerns among majority of organizations surveyed, i.e. 64%.

However, less than half i.e. 46% of respondents agreed that emerging network security technologies are not as effective as they should be and do not minimize attacks that bring down web applications or block unwarranted internet traffic.

This report disclosed key concerns and security threats surveyed by 554 Indian IT and IT security professionals. The companies facing threats on a daily basis such as theft of their organization's intellectual property is one of the top security concerns. Organizations believe that their emerging network technologies only partly address their security concerns.
Around 63% of those surveyed, say emerging network security technologies addresses only a part of the security threats. Majority of the respondents, about 55% say that their organizations prioritize emerging network security technologies to curtail inside-out threats rather than a more holistic approach to security. About 50% of the surveyed say blocking of IP addresses is not an effective security measure.

Organizations are critical of their network security posture, rating them below average in detecting and preventing cyber attacks. Respondents says, the security posture of their organization is only 4.7 effective based on a scale of 10. About 52% respondents say emerging network security technologies used by their organizations are dependent upon the in-house personnel who possess the knowledge and expertize to operate them effectively. Respondents rated their organizations' ability to quickly detect and prevent cyber-attacks as fair or 4.8 and 4.6, respectively, on a scale of 10 being excellent.

Efficacy of emerging network security technologies is influenced by the complexities involved in configuring policies for WAF. Only half of the respondents say that their organizations use emerging network security technologies-to heighten visibility to applications and the use of cloud services. Respondents surveyed do not deploy or are unsure about Web Application Firewalls (61%) (WAFs) because they think it might affect revenues as the high incidence of false positives may block legitimate customer traffic. Majority (79%) of the respondents say that is takes them at least a few weeks to configure and update rules or policies for WAF.