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TMCNet: CA Report: Only 8% of Americans are 'Very Confident' Their Personal Data is Safe

[July 20, 2008]

CA Report: Only 8% of Americans are 'Very Confident' Their Personal Data is Safe

(Wireless News Via Acquire Media NewsEdge)
Only an average of eight percent of Americans say they are very
confident in the ability of U.S. retailers, government and banks to
protect their personal information, according to a national survey
commissioned by CA, and conducted by The Strategic Counsel. The CA 2008
Security and Privacy Survey was done as in follow-up to the 2006 survey.

Additionally, the consumer survey indicated that an average of 79
percent of American consumers cite loss of trust and confidence, damage
to reputation, and reduced customer satisfaction as consequences of
major security and privacy breaches suffered by the business or
government organizations that they deal with.

According to the survey, the nature of the threats plaguing businesses
has changed. While respondents report that the number of computer virus
attacks, network attacks and denial-of-service attacks are all down an
average of 11 percent in the 12 months preceding the 2008 survey, as
compared against the data collected in 2006, the findings also reveal
that the number of internal security breaches - those that come from
within the organization - have increased from 42 percent in 2006 to 44
percent. Even more significant is the increase from 15 percent of the
respondents reporting internal breaches in the 12 months preceding the
2003 survey to 44 percent today.

"U.S. businesses and governments recognize it doesn't take much to
shake consumer confidence, and they recognize the need to do all they
can to assure consumers and constituents," said Lina Liberti, vice
president, CA Security Management. "Businesses used to worry about the
hackers and thieves launching denial of service attacks from outside
the firewall, now they recognize that their greatest danger lurks
within the organization. The good news is that increasingly businesses
are turning to identify and access management solutions to ensure that
confidential data is safeguarded and available only to the people
within the organization who genuinely need to have it."

The survey indicated that the number of organizations planning to roll
out identity and access management solutions in the next 12 to 18
months increased 11 percent, moving from 49 percent in 2006 to 60
percent in 2008.

A number of Americans reported that they have fallen victim to theft of
their personal information, like their Social Security Number or credit
card information. Of those polled, 22 percent said they have
experienced personal information theft and nearly half (48 percent)
said they know someone who has had their personal information stolen,
the survey said.

The CA survey also revealed that a significant majority of consumers
feel that businesses and governments do not spend enough on improving
online security and privacy:

- 72 percent think retailers do not spend enough on online security and
privacy.

- 68 percent think the governments do not spend enough on online
security and privacy.

- 58 percent think major financial institutions do not spend enough on
online security and privacy.

Their suspicions are not unfounded: an average of 32 percent of U.S.
security executives believe that the investment their company makes in
security is inadequate, the company noted in a release.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

((Distributed on behalf of 10Meters via M2 Communications Ltd -
http://www.m2.com))
((10Meters - http://www.10meters.com))

Copyright ? 2008 Wireless News

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