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22 Sep 14. While mobile devices are an integral part of the workplace, the cyber security practices and budgets in most organizations are not keeping pace with the growing number of devices that must be managed and kept secure. According to a new survey issued by Raytheon Company, 52 percent of organizations and employees frequently sacrifice security practices to realize the efficiency benefits of mobile connectivity. The report, “Security in the New Mobile Ecosystem,” was conducted by information security industry leader Ponemon Institute. The comprehensive report is based on 618 respondents who implement enterprise security, manage mobile technologies and platforms, and set mobile strategy. Fifty-seven percent of respondents identified themselves as senior executives/managers. According to the research, on average one-third of employees use mobile devices exclusively to do their work and this is expected to increase significantly to an average of 47 percent of employees in the next 12 months. Even in light of this anticipated growth, 64 percent surveyed claimed that they do not currently or expect to have sufficient budget to mitigate or curtail mobile device cyber security threats. Despite the increasingly high levels of cyber security risks with mobile devices, the top two methods being used today – Mobile Device Management (MDM) and secure containers – are not sufficient. In fact, half of those surveyed are not satisfied with their organization’s current mobile security solutions, and 57 percent agreed that implementing a virtualization-based solution, which keeps data off of the actual device, should be considered. “This survey points to the fact that there is a struggle to find the right balance between the cyber security needs of an organization and the efficiencies demanded by employees to do their jobs,” Ashok Sankar, senior director of product management and strategy at Raytheon Cyber Products. “Mobile devices are becoming a dominant workplace tool, and organizations must adopt a mobile strategy with data security technologies that enable employees to work effectively without putting sensitive information at risk.”
23 Sep 14. Israel’s dedication to developing its defence capabilities has been extended to cyberspace in recent years, spawning an industry which has attracted a near four-fold increase in venture capital investment since 2010 as a growing overseas market for cyber security experts beckons. Prime Minister Benjamin Netanyahu, who accused Iran last week of being behind most of the online attacks on Israel, allocated 2bn shekels ($549m) in 2012 to set up a cyber security agency within his office. The country has since created a cyber threat research cluster in the desert city of Beersheba, where academia, the military and private firms come together with international companies to work. Beersheba has become a hub for security research as Israel’s military moves its headquarters to the southern city. Meanwhile, Israeli firms have attracted growing foreign investment over the past two years to develop cutting-edge tools for detecting and preventing cyberattacks, challenging U.S. and European giants who have long specialised in selling defensive tools which fall short in an age of military-grade attacks. Some Israeli start-up firms have already been acquired by top security companies and this year the pace of initial public share offerings has begun to pick up, the latest being Cyber-Ark Software, which is set to debut on Nasdaq on Wednesday. “The big drama within this space is the shifting of budgets,” Gadi Tirosh, a partner with Cyber-Ark investor Jerusalem Venture Partners (JVP), said of the move away from perimeter defences such as firewalls to focus on detecting and preventing attacks before they can reach inside organisations. IBM, Cisco Systems and EMC have al