Welcome!

Cloud Security Authors: Elizabeth White, Xenia von Wedel, James Carlini, Pat Romanski, Rostyslav Demush

Related Topics: Cloud Security

News Feed Item

Symantec Survey Reveals Canadian SMBs Are Not Implementing Basic Security Practices

2009 SMB Storage and Security Survey Cites IT Spending and Lack of Budget as Major Barriers to Protecting Data

TORONTO -- (Marketwire) -- 05/07/09 -- Symantec Corp. (NASDAQ: SYMC) today released the Canadian findings of its 2009 Storage and Security Small and Midsized Business (SMB) survey. The study found while nine out of 10 (94 per cent) Canadian SMBs understand the importance of protecting their information, many have yet to implement basic security solutions such as antivirus and backup/recovery.

"The importance of security is undisputed. As the report indicates, security and data protection are essential priorities for Canadian small and midsized businesses," said Michael Murphy, vice president and general manager, Symantec (Canada) Corp. "Unfortunately, we continue to see SMBs lack the necessary budget and awareness of threats to ensure confidential data is secure, which can impact their bottom line. As the workforce becomes more mobile and adapts to new technologies to improve business efficiency, organizations must prepare for the future and be aware of the solutions available to them."

As the number of mobile workers continues to grow, Canadian SMBs need to take the proper measures to ensure their endpoints are protected. According to the survey findings, 60 per cent of companies polled have yet to implement an endpoint protection solution (software that protects "endpoints" such as laptops, desktops and servers against malware). This is despite the fact that one quarter (25 per cent) of companies polled do not have password protected desktops and laptops, and more than half (54 per cent) have had a lost or stolen laptop or Smartphone.

Top Security Barriers

The survey investigated several variables to determine the reasons why Canadian SMBs are not fully protecting their company's confidential data. When asked to identify the top barriers preventing organizations from creating a more secure environment, the survey found 47 per cent lacked adequate budget, with the median IT security budget being just $6,000 CAD per year. Additionally, one in four respondents identified the skills of employees as a top barrier, and one in three indicated there was not enough time to complete all security related tasks.

"It is no surprise that Canadian SMBs identified lack of budget as the main reason why they are not properly protecting their IT assets and data," said Murphy. "The reality, however, is the cost of security to help prevent a data breach far outweighs the costs a data breach may bring to a company not only financially, but to its public image and customer confidence as well."

Additional Security Gaps

Almost one in three (27 per cent) companies polled have suffered a data breach (an instance where information has been subject to unauthorized access, often where the data is lost, stolen, or hacked into), further driving the importance of properly safeguarding important information. Despite these numbers, however, SMBs continue to lack basic security. For example, 35 per cent of respondents still do not have the most basic security solution installed -- antivirus protection. Further, 55 per cent of companies polled do not have server backup/recovery protection (40 per cent), or antispam protection (46 per cent).

What is the Good News?

According to the survey, Canadian companies are aware of the latest threats impacting their business. Seventy-nine per cent of SMBs polled are somewhat or extremely concerned with viruses. Other top concerns included phishing emails, loss of information and data breaches.

The report also noted that despite the current economic climate, 91 per cent of Canadian SMBs anticipated their IT budget to remain the same or rise within the next 12 months, with 43 per cent of budgets estimated to remain the same and 48 per cent estimated to rise. This increase in spending strongly indicates that SMBs are beginning to view IT security as a valuable tool to help meet bottom line objectives.

About the 2009 Security and Storage SMB Survey

Symantec's Storage and Security in SMBs survey was conducted in February of 2009 by Applied Research. The study targeted 1,425 small and medium sized businesses (10-500 employees) located in 17 countries around the globe. There were 200 respondents in Canada (75 in Ontario, 70 in British Columbia, and 55 in Quebec). Worldwide, the survey has a 95 per cent confidence level with a margin of error of 2.6 per cent.

About Symantec

Symantec's Canadian operations are headquartered in Toronto with offices in Montreal, Ottawa, Calgary and Vancouver. For more information on Symantec products or current promotions, access Symantec's Canadian Web site at www.symantec.ca. Symantec is an active member of the Business Software Alliance (BSA).

Symantec is a global leader in providing security, storage and systems management solutions to help consumers and organizations secure and manage their information-driven world. Our software and services protect against more risks at more points, more completely and efficiently, enabling confidence wherever information is used or stored.

NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Room at http://www.symantec.com/news. All prices noted are in U.S. dollars and are valid only in the United States.

Symantec and the Symantec Logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.

CONTACT:

Jerry Gowen
Symantec Corp.
+1 (503) 690-4714
[email protected]

Hailey Miles
MAVERICK Public Relations
+1 (416) 640-5525 ext. 238
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
BnkToTheFuture.com is the largest online investment platform for investing in FinTech, Bitcoin and Blockchain companies. We believe the future of finance looks very different from the past and we aim to invest and provide trading opportunities for qualifying investors that want to build a portfolio in the sector in compliance with international financial regulations.
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
We are given a desktop platform with Java 8 or Java 9 installed and seek to find a way to deploy high-performance Java applications that use Java 3D and/or Jogl without having to run an installer. We are subject to the constraint that the applications be signed and deployed so that they can be run in a trusted environment (i.e., outside of the sandbox). Further, we seek to do this in a way that does not depend on bundling a JRE with our applications, as this makes downloads and installations rat...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
Digital Transformation (DX) is not a "one-size-fits all" strategy. Each organization needs to develop its own unique, long-term DX plan. It must do so by realizing that we now live in a data-driven age, and that technologies such as Cloud Computing, Big Data, the IoT, Cognitive Computing, and Blockchain are only tools. In her general session at 21st Cloud Expo, Rebecca Wanta explained how the strategy must focus on DX and include a commitment from top management to create great IT jobs, monitor ...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
The IoT Will Grow: In what might be the most obvious prediction of the decade, the IoT will continue to expand next year, with more and more devices coming online every single day. What isn’t so obvious about this prediction: where that growth will occur. The retail, healthcare, and industrial/supply chain industries will likely see the greatest growth. Forrester Research has predicted the IoT will become “the backbone” of customer value as it continues to grow. It is no surprise that retail is ...