McAfee Says Midsize Businesses Face Security Budget Cuts, Challenges
McAfee reports on the IT security struggles of midsize businesses. Though more than half of businesses surveyed said they have seen more security incidents in 2009 than 2008, 75 percent reported having to cut or freeze their IT security budgets.Midsize businesses are slashing their security budgets even as cyber-threats continue to grow, according to a report from McAfee. In a survey of 900 employees of midsize businesses around the globe conducted by MSI International, 75 percent of the respondents reported cutting or freezing their IT security budgets in 2009. At the same time, 56 percent of the respondents reported seeing more security incidents this year than last, and 29 percent admitted to suffering a data breach in the past year.
"More than 90 percent of people surveyed in companies with 500 employees or fewer feel protected from cyber-attacks, even though the evidence is hardly on their side," said the McAfee report, entitled "The Security Paradox." "The truth is that companies with fewer than 500 employees suffer more attacks on average than their larger counterparts. Of the midsize organizations that have had security breaches, those with 101 to 500 people have had roughly 24 incidents in the past three years, compared to only 15 incidents for organizations with 501 to 1,000 employees."