Only two out of 50 firewalls at a leading Swiss bank were configured correctly -- just one instance of security that is all that it should be. Network security is being overestimated by IT managers because they are failing to manage protective software properly, according to a security expert.
Norbert Pohlmann, a director at Internet security specialist Utimaco and author of a new book entitled Firewall Systems, said the mismanagement of software is putting firms at risk. "We recently found that only two of 50 firewalls at a leading Swiss bank were functioning as they should, while the rest were configured incorrectly," said Pohlmann. "IT managers still don't seem to understand the risks. They spend money on security products and fail to manage them. Companies need to understand security at a conceptual level to reduce risk, as there are so many threats out there such as viruses, hackers and so forth."