He claimed that a company's patching strategy cannot be the only strategy that it has for security as there are a large realm of vulnerabilities.

"However, most organisations are still struggling in the quadrant of indiscriminate, less sophisticated attacks, such as commercial malware, for example. SQL, phishing, anonymous proxies and mobile OS vulnerabilities are also on the rise" he said.

IBM said it is currently investing in security solutions and services to key trends in the industry.