SOURCE: Cenzic

November 22, 2005 09:00 ET

Survey Shows Application Security Is Number One Priority for Information Security Executives

Cenzic® and the Software & Information Industry Association (SIAA) Announce "The Pulse of Information Security 2005" Revealing Key Application Security Trends Among Enterprises

SANTA CLARA, CA -- (MARKET WIRE) -- November 22, 2005 -- The first annual "The Pulse of Information Security Today," released today, reveals that application security is the number one priority for information security executives at large enterprises. Cenzic and the Software & Information Industry Association (SIIA) conducted the survey, interviewing a total of 198 enterprise information security professionals, in August and September 2005. The participants in this survey were selected from Cenzic and SIIA contacts.

Among the broad range of information security issues, "The Pulse of Application Security Today" uncovered a number of surprises and in some cases confirmed trends that have been emerging in the market. At the highest level, the survey shows that while application security is emerging as a top priority for enterprises, only 16% of companies are testing more than half of their applications. At the same time, application security budgets are increasing, but not dramatically. Despite the fact that many enterprises are satisfied with their current means of protecting their applications, many are fearful of being attacked in the next 12 months.

The highlights from the survey shed light on the unsettling fact that, despite ongoing anxiety about the threats associated with applications, companies are not currently doing enough to protect their application infrastructures and budgets are not keeping pace with the rapidly evolving threat environment.

Key findings from the report include:

--  Hacker intrusion protection is the clear #1 priority for 2005-2006.
    Nearly half of all respondents [46%] cited preventing security breaches and
    illegal access to data and applications as their #1 or #2 security priority
    through Q4 of 2006. Half of the respondents cited hacker intrusion as their
    #1 priority while 46% cited it as #2. Hacker intrusion protection and
    related issues was clearly the most important priority for 2005-2006 among
    participants.
    
--  While the overall number of companies hacked in the last year is low,
    the associated costs are extremely high. Only 12% of respondents reported
    having been attacked, but of the 12% that were attacked, 20% estimated the
    damage to be greater than $500,000, with 8% estimating damages to be
    greater than $2 million and 4% greater than $5 million.
    
--  Enterprises in general are satisfied with the effectiveness of their
    current application testing processes. Nearly half of all respondents rated
    the effectiveness of their current testing processes as "good" or
    "excellent," while nearly 90% rated their current processes as "average" or
    better [87%].
    
--  Enterprises are testing their applications. 42% of all respondents are
    testing more than 30% of their applications and nearly 1/4 [23%] of all
    respondents test more than 50%.
    
--  Enterprises are fearful of being hacked. Shedding light on the
    evolving threat landscape and the unpredictable nature of Internet
    security, nearly half of respondents are very or extremely concerned about
    getting hacked in the next 12 months. Despite general satisfaction in
    application security processes and the low number of attacks in the past 12
    months, enterprises are clearly fearful of being attacked in the future.
    
--  Enterprises are using a mix of products/techniques for application
    security. Application firewalls are the most popular among respondents
    [45%] along with data encryption [40%] and manual penetration testing
    [36%]. There was no decisive solution or single solution that dramatically
    outweighed the others. Survey respondents are relying on several different
    products and techniques to address the problem. About 1/4 of all
    respondents are using some kind of vulnerability management solution [23%].
    
--  Companies are spending more testing applications with 38% spending
    more than $100,000 per year and 13% spending more than $500,000 per year.
    These numbers do not reflect headcount so, if an organization has a large
    group doing manual penetration testing, those numbers are not shown here.
    
For a free copy of the complete report, please visit: http://www.cenzic.com/forms/ec.php?pubid=10021

About SIIA

The Software & Information Industry Association (SIIA) is the principal trade association for the software and digital content industry. SIIA provides global services in government relations, business development, corporate education and intellectual property protection to more than 600 leading software and information companies. For more information, visit http://www.siia.net.

About Cenzic

Cenzic is a leading provider of the next-generation enterprise software and services for automated application security assessment and compliance that allows Fortune 1000 corporations, mid-sized corporations, and government organizations to dramatically improve the security of web applications. Cenzic® Hailstorm®, the most accurate and extensible product in the industry, enables security experts, QA professionals, and developers to work together to assess, analyze, and remediate applications for security vulnerabilities, Hailstorm benefits include reduced security risk and liability, lower development and testing costs, and faster time-to-market. Cenzic ClickToSecure™ service is one of the industry's first solutions to combine the power of an enterprise-class application security assessment product with the flexibility of a managed security service. Cenzic's current focus includes financial services, e-retail, healthcare, and government sectors. For more information, visit www.cenzic.com.

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