By Naresh Persaud-Oracle on May 06, 2013
Oracle recently worked with CSO Online to study the economics of security. Despite the the increasing IT spend on security, many organizations don't feel any safer. According to the study, organizations allocate up to 67% of their IT security spend protecting network resources. However, the biggest risk in many organizations is weak governance controls on user access and application security. According to the latest Verizon Data Breach Report 2013 , 76% of attacks utilize lost or stolen credentials as a means of entry or propagating the attack.
According to the survey, 40% believed that implementing fragmented point solutions created gaps in their security and resulted in vulnerability. Fragmentation creates latency in security processes and latency introduces risk. According to a similar study by Aberdeen Research, organizations that take an integrated platform approach had 35% fewer audit deficiencies and were more responsive.
The findings underscore the relevance of Oracle’s “security inside-out” approach which means focusing attention on the organization's most strategic assets which include applications, databases, systems, and users.
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