EiQ Networks Survey Finds Organizations Unprepared for Potential Data Breach

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Acton, Mass., April 1, 2014 - EiQ Networks, a pioneer in continuous security intelligence, risk and compliance solutions, today announced results of its annual survey of IT security professionals with indicators on how Secure Information and Event Management (SIEM) and Log Management technology is actually improving threat management and incident response.

Conducted between February 19 and March 7, the study reflects responses from 268 IT decision makers including senior management, security managers, directors, and network and systems engineers across a industries including healthcare, government, financial services and retail, with breakouts for small and midsize enterprises.

The survey found that 82% of IT professionals are either "concerned" or "very concerned" that their organization will face a security breach in the next year.  71% of respondents said they are either "not confident" in their security or "not at all prepared" to manage a potential security breach.  However, even as concern was high and confidence levels in security systems low, nearly one-third of those surveyed said their organization does not have basic SIEM and Log Management in place.

Half of companies with SIEM and Log Management products and solutions in place said it took anywhere from a "few weeks" to "a few months" to deploy.  This is unchanged compared to last year's survey results.

"In the midst of numerous high profile data security breaches, organizations continue to struggle with ways to monitor, manage and remediate security, risk and compliance issues and it's obvious SIEM is falling short," said Brian Mehlman, Vice President of Product Management, EiQ Networks. "IT security professionals have made clear that not only is a SIEM infrastructure critical to most organizations but advanced network monitoring infrastructure is also necessary to manage their IT security infrastructure.

It's also critical for companies to follow industry best practices like SANS Critical Security Controls while monitoring the network 24×7 to anticipate security issues and provide security visibility into the entire organization to identify threats, mitigate risks and enable compliance."

Key Takeaways: EiQ 2014 IT Security Survey

  • "Knowing which systems are adequately protected"  and "discovering vulnerabilities" are seen as the biggest challenges to Risk Management in 2014
  • Managing complexity" (29%) of SIEM products continues to be the main challenge faced with SIEM systems, followed by "lack of integration" with other network management tools (16%)
  • 25% said "compliance" is the number one reason to purchase a SIEM; 24% said "real time threat detection and response" is also a primary driver of SIEM purchases
  • 28% said it took a few weeks or more than a month to deploy their latest SIEM product.
  • 40% want to replace their SIEM citing cost savings and superior technology as primary drivers
  • "Mobility/BYOD" (41%) followed by "cloud" (31%) will have the biggest impact on risk management for organizations in 2014 according to respondents.

To learn more about EiQ Networks and its offerings, please visit: www.eiqnetworks.com

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About EiQ Networks:

EiQ Networks, a pioneer in simplified information security and compliance solutions and services, is transforming how organizations identify threats, mitigate risks and enable compliance. Our flagship solution, SecureVue®, a continuous security intelligence platform, helps organizations proactively detects incidents, implement security best practices, and receive timely and actionable intelligence along with remediation guidance. Through a single console, SecureVue enables a unified view of an organization's entire IT infrastructure for continuous security monitoring, critical security control assessment, configuration auditing, and compliance automation. In addition, EiQ offers SOCVue, a security monitoring software as a service (SaaS) offering, provides 24×7 security operations to organizations that require security monitoring but lack resources or on-staff expertise to implement an effective security program. For more information, visit: http://www.eiqnetworks.com.

 

PR Contact:

Michael Gallo

Gutenberg Communications for EiQ Networks

212-239-8594

EiQnetworks@gutenbergpr.com

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