SANTA CLARA, Calif.--(BUSINESS WIRE)--McAfee, Inc. (NYSE:MFE), today announced new research which found that 41 percent of organizations are not well aware of or protected against IT security risks. Another 40 percent are not completely confident they can accurately deploy countermeasure products thus leaving them at risk. The report Risk and Compliance Outlook: 2011, commissioned by McAfee and conducted by Evalueserve - found that to address these concerns, nearly half of all companies plan to spend an average of 21 percent more in 2011 on Risk and Compliance solutions. Overall, the survey indicated strong growth for risk and compliance products in 2011 with the majority of CSO's and other decision-making executives demanding integrated and automated solutions rather than point products.
In regards to regulatory compliance, the vast majority, 75 percent of respondents, are not confident that they will pass a regulatory audit, with more than half of organizations stating that they have already failed an audit. Nine percent of companies indicated that these audit failures resulted in industry or government fines. Databases also ranked as the biggest infrastructure challenge in terms of complying with regulatory mandates.