By John P. Mello Jr.
01/21/15 7:45 AM PT
Businesses spend an average of US$1.27 million a year chasing cyberthreats that turn out to be dead ends. That is one of the findings in a report released last week on the cost of containing malware.
In a typical week, an organization can receive nearly 17,000 malware alerts, although only 19 percent of them are considered reliable, according to the research, which was conducted by the Ponemon Institute and Damballa.
Still, malware fighters have a difficult time keeping up with even the reliable alerts, since only 4 percent are investigated, according to the survey of 630 IT and IT security practitioners familiar with their company's antimalware practices.
Making matters worse, two-thirds of the time spent hunting for bad apps is wasted because of faulty intelligence. An average of 395 hours a week is frittered away on dead-end investigations.
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