SOURCE: Secure Computing

November 10, 2008 09:00 ET

Secure Computing Cyber Security Study Reveals Sobering Results

Industry Insiders Say That Critical Infrastructure Is Not Prepared for Cyber Attacks

SAN JOSE, CA--(Marketwire - November 10, 2008) - Secure Computing Corporation (NASDAQ: SCUR), a leading enterprise gateway security company, today announced the results of a study conducted during August and September 2008 in the US, Canada and Europe. The study surveyed 199 international security experts and other "industry insiders" from utilities, oil and gas, financial services, government, telecommunications, transportation and other critical infrastructure industries. Despite a growing body of legislation and regulation, more than half of these experts believed that most critical infrastructure continues to be vulnerable to cyber attack. Further, a majority of respondents said that major attacks have already begun or are likely to occur in the next 12 months.

"An attack on any one of these industries could cause widespread economic disruptions, major environmental disasters, loss of property and even loss of life," said Elan Winkler, director of critical infrastructure solutions for Secure Computing. "This study revealed that many critical infrastructure organizations are simply not ready for the cyber attacks which are coming soon."

Rick Nicholson, VP of Research for Energy Insights, an IDC company, who authored the white paper(1) based on the survey, added, "Most utility CIOs believe that their companies will be compliant with relevant standards, but still have a long way to go before being adequately prepared for all cyber attacks."

In the study, respondents were asked to indicate the state of readiness for eight different industries. More than 50 percent of respondents believed that utilities, oil and gas, transportation, telecommunications, chemical, emergency services and postal/shipping industries were not prepared. For some sectors, such as postal/shipping and transportation, as many as three out of four experts indicated that the infrastructure was not ready for attack. Only the financial services industry was considered prepared, although nearly 40 percent believed that even this sector was not ready to defend itself.

Survey participants were also asked which industry was the biggest target, which was the most vulnerable to attack and which was the most detrimental if breached. The insiders picked the energy sector in all three cases, with 33 percent saying it was the biggest target, 30 percent saying it was the most vulnerable and 42 percent saying it would be the most detrimental if attacked.

When asked to name the biggest bottleneck to improving cyber security, the largest number of experts (29 percent) pointed to the cost of security measures. Apathy was the second most likely to be selected as the primary bottleneck, with government bureaucracy and internal issues tying for third.

Risk of Cyber Attack Likely to Grow

Study participants from North America were also asked how soon major exploits of critical infrastructure would occur. More than 50 percent answered that the attacks had already begun. Another 14 percent said a major exploit was likely in the next 12 months, while only 2 percent said such an exploit would never occur.

At the same time that attacks are becoming more likely, many networks are becoming less secure. Energy Insights identified three trends which are likely to increase the vulnerability of critical infrastructure in the future:

--  Interconnectivity among networks will expand. Already 62 percent of
    North American respondents said that their control systems were directly
    connected to an IP-based network or the Internet. A full 98 percent of
    respondents believed this makes them more vulnerable.
--  Intelligent grid and similar initiative will continue to grow. As
    companies deploy new technologies such as smart meters, sensors and
    advanced communications networks, they run the risk of increasing their
    vulnerability unless they include security as an integral part of the
    projects.
--  Cost cutting efforts will not go away. During times of economic
    hardship, organizations are expected to increase their use of "standard" IT
    platforms, further increasing their vulnerability to attack.
    

Recommendations Based on Study Findings

The Energy Insights white paper sponsored by Secure Computing recommends that critical infrastructure asset owners and operators take five steps towards greater cyber security:

--  Performing ongoing vulnerability assessments
--  Vigilant monitoring of network automation and control systems
--  Sharing information about threats and attacks through the industry
    Information Sharing and Analysis Centers (ISACs) such as the electricity
    sector ISAC and up the chain of command within organizations
--  Taking an enterprise approach that includes both information
    technology and operations technology environments
--  Thinking beyond regulatory compliance.
    

As a global leader in cyber security, Secure Computing provides a number of resources to help organizations address these issues. With more than 14 years' experience protecting critical infrastructure networks in 31 countries, Secure Computing has accumulated a wealth of research, educational materials, tools, expert advice, and other materials that it is making available online at http://www.securecomputing.com/cybersecurity.

Secure Computing is hosting a live webcast on November 12, 2008 at 2:00pm EST, "Critical Infrastructure Threats Revealed," featuring Energy Insights' Rick Nicholson to review the cyber security study findings and recommendations. Visit http://www.securecomputing.com/cybersecurity to register and to obtain a copy of the Energy Insights white paper.

About Secure Computing

Secure Computing Corporation (NASDAQ: SCUR), a leading provider of enterprise gateway security, delivers a comprehensive set of solutions that help customers protect their critical Web, email and network assets. Over half the Fortune 50 and Fortune 500 are part of our more than 22,000 global customers, supported by a worldwide network of more than 2,000 partners. The company is headquartered in San Jose, Calif., and has offices worldwide. For more information, see http://www.securecomputing.com.

All product names and trademarks are the property of their respective firms.

This press release may contain forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from current expectations. For example, there can be no assurance that demand for the company's products will continue at current or greater levels, or that the company will continue to grow revenues, or be profitable, or that the company will be able to motivate and retain key employees, staff current and future projects in a cost-effective manner, or effectively control its marketing, research, development and administrative costs. There are also risks that the company's pursuit of providing network security technology might not be successful, or that if successful, it will not materially enhance the company's financial performance; that changes in customer requirements and other general economic and political uncertainties and weaknesses in geographic regions of the world could impact the company's relationship with its customers, partners and alliances; and that delays in product development, competitive pressures or technical difficulties could impact timely delivery of next-generation products; and other risks and uncertainties that are described from time to time in our periodic reports filed with the Securities and Exchange Commission. The company specifically disclaims any responsibility for updating these forward-looking statements.

(1) Energy Insights, an IDC company. White Paper sponsored by Secure Computing, Critical Infrastructure Cyber Security: Survey Findings and Analysis, November 2008

Contact Information

  • Contact:

    Ally Zwahlen
    Secure Computing Corporation
    925-288-4175
    Email Contact

    Paula Dunne
    Contos Dunne Communications LLC
    408-776-1400
    408-893-8750 cell
    Email Contact