Financial firms struggling to fix security flaws, says NopSec -TEISS: Cracking Cyber Security

Finance / Financial firms struggling to fix security flaws, says NopSec

Financial firms struggling to fix security flaws, says NopSec

Financial services companies and educational organisations take 176 days to remediate security vulnerabilities, according to a study by NopSec, potentially exposing themselves to data breaches for 6 months and nearly a third, 32 per cent, of financial firms took more than a year to fix flaws.

Numbers & Finance

The ‘2015 State of Vulnerability Risk Management’ report showed an average time a typical organisation takes to remediate security vulnerabilities is 103 days, while cloud providers remediated the fastest at 50 days, followed closely by healthcare organizations at 97 days.

Michelangelo Sidagni, chief technology officer and head of NopSec Labs, says: “Organizations are still very vulnerable to exploitation. Although businesses have been alerted of the potential risks, system vulnerabilities and misconfigurations continue to be the root causes for costly security breaches.

“Detection is simply not enough in today’s threat landscape of sophisticated attacks; organizations need to focus on improving threat prioritization. Vulnerability remediation efforts need to move much faster than they are right now in order to close the window of opportunity for exploitation and win the race against hackers.”


Photo © reynermedia (CC BY 2.0). Cropped.

Shares

Comments