Ray Steen, Chief Strategy Officer, MainSpring, Inc. was quoted by CSO Online on a Titania research study that pegs losses from misconfigurations at average of 9% of annual revenue.

View the full article: Network mistakes, misconfigurations cost companies millions

The report also found that routers and switches are largely overlooked. Most organizations (96%) prioritize the configuration and auditing of firewalls, but only 4% assess switches and routers, as well as firewalls. “Commercial routers and networking equipment have strong security protocols, which are heavily advertised,” says Ray Steen, CSO of MainSpring, a provider of IT managed services. “Network administrators trust this security, but a powerful security protocol in a product containing vulnerable code is like a three-inch steel door protecting a cardboard box. Cyber actors just break the box.”

—Ray Steen, Chief Strategy Officer, MainSpring, Inc.

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