Indian biz breached over 1,000 times in the past year

Businesses reported 1,000 breaches in the past year, which half of them blamed on the shortcomings of security technology, according to Juniper study.

BANGALORE--In the past year hackers have stolen data from Indian businesses on over 1,000 occassions, according to a study released Monday by the Ponemon Institute commissioned by Juniper Networks.
The report "Efficacy of emerging network security technologies: India," which surveyed 554 Indian businesses, also found they have a dim view of their security capability. Each respondent said that on average they were breached twice in the past 12 months.
Indian firms blamed security technology shortcomings.

On a scale of one to ten, where ten was being "very effective", on average they gave themselves a score of 4.7.

Most of these businesses blamed their woes on poor emerging security networking technologies, such as intrusion prevention systems, virtual private networks, and application control.
  • 54 percent agreed said these technologies did not minimize DDOS attacks or Web app hacks.
  • 58 percent of alarms were false positives.
  • 53 percent said vendors lied about what the technology could achieve.
46 percent said blocking IP addresses was ineffective, raising concerns such a practice could also jeopardize their business. "The biggest concern is that its use will affect revenues," according to the report.