TRENDING
CSO S CITE BUDGET
CONSTRAINTS AS ONE OF
BIGGEST BARRIERS TO
ADVANCING SECURITY
A
ccording to the Cisco, over one-third of organisations
that experienced a breach in 2016 reported
substantial customer, opportunity and revenue loss
of more than 20%. Ninety percent of these organisations
are improving threat defence technologies and processes
after attacks by separating IT and security functions (38%),
increasing security awareness training for employees (38%),
and implementing risk mitigation techniques (37%). The
report surveyed nearly 3,000 chief security officers (CSOs) and
security operations leaders from 13 countries in the Security
Capabilities Benchmark Study, part of the Cisco ACR.
Now in its tenth year, the global report highlights challenges
and opportunities for security teams to defend against
the relentless evolution of cyber crime and shifting attack
modes. CSOs cite budget constraints, poor compatibility of
systems, and a lack of trained talent as the biggest barriers
to advancing their security postures. Leaders also reveal
that their security departments are increasingly complex
environments with 65% of organisations using from six to
more than 50 security products, increasing the potential for
security effectiveness gaps.
“In 2017, cyber is business, and business is cyber –that
requires a different conversation, and very different outcomes.
Relentless improvement is required and that should be
measured via efficacy, cost, and well managed risk. The
2017 Annual Cybersecurity Report demonstrates, and I hope
justifies, answers to our struggles on budget, personnel,
innovation and architecture,” said Shukri Eid, Managing
Director – East Region, Cisco Middle East.
To exploit these gaps, ACR data shows criminals leading a
resurgence of “classic” attack vectors, such as adware and
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