Cybersecurity: the gap between fear and action.

• Position: CYBERSECURITY

An amazing 97% of businesses with annual security budgets totaling more than $1 million are concerned they are vulnerable to targeted malware attacks and other sophisticated cyber-crime and cyber-espionage tactics. Their level of concern was revealed in a survey of 200 C-level executives at U.S.-based companies conducted by Opinion Matters, on behalf of ThreatTrack Security. The survey further reported that 33% of the companies--including roughly half of all financial services firms and manufacturing companies that participated--have experienced a targeted cyber attack.

Unfortunately, these executives' fears have not necessarily translated into taking protective action. For example, 42% said they do not have an incident response team in place, and 47% said they are not using...