cioinsight.com
Home > RSS Feeds > Security
  • Today's cyber-threats present challenges for even the most tech-savvy IT executives in the most tech-savvy organizations. It's not news that the volume and velocity of threats continue to grow. At the center of the problem? Recruiting and retaining the security talent necessary to mitigate and minimize cyber-risks. The IT security skills gap—which could currently be called a chasm—is growing worse by the day. A January 2017 research study conducted by Osterman Research for information security vendor Trustwave, "Money, Minds and the Masses: A Study of Cybersecurity Resource Limitations," offers insights into industry trends and problem points. Among other things, the research found that a fast-changing threat landscape, high staff turnover and budgeting conflicts are undermining protection strategies. In addition, many business and security leaders feel constrained by a lack of support from senior management. Here are some of the key findings from the study of 147 IT security decision-makers from across North America.

  • While organizations around the world are more confident than ever that they can predict and detect cyber-attacks, they're still falling short on investments and plans geared toward recovering from a breach. Such is the double-edged finding of EY's 19th annual Global Information Security Survey, "Path to Cyber-Resilience: Sense, Resist, React." EY surveyed 1,735 IT and IT security executives from organizations around the world to uncover the most compelling cyber-security issues facing business today, and what it discovered was a marketplace still struggling to keep up with a fast-evolving threat landscape. "Organizations have come a long way in preparing for a cyber-breach, but as fast as they improve, cyber-attackers come up with new tricks. Organizations therefore need to sharpen their senses and upgrade their resistance to attacks," said Paul van Kessel, EY's global advisory cyber-security leader. "In the event of an attack they need to have a plan and be prepared to repair the damage quickly and get the organization back on its feet. If not, they put their customers, employees, vendors and ultimately their own future at risk." The message is clear: It's not enough to have great tools and intelligence; companies have to get more strategic about how they track and respond to threats.

  • The state of cyber-security has gone from bad to worse over the past couple of years. Not only are threats increasing in both frequency and intensity, they're also becoming more dangerous and costly. A recent study conducted by Deloitte, "Cyberattackers And Your Intellectual Property: Valuing and Guarding Prized Business Assets," delivers some insights into the current state of cyber-affairs. The consulting firm surveyed nearly 3,000 global business and IT professionals across a variety of industries and found that, over the past 12 months, a significant number of organizations have suffered an intellectual property (IP) cyber-theft incident, including electronic theft of trade secrets, drawings and plans, or proprietary know-how. In addition, the threats originated from a variety of sources and locations, and many respondents believe the attacks will continue to escalate in the months ahead. Unfortunately, many of the professionals admitted that they aren't fully prepared to protect their enterprise against these attacks. Here's a look at some of the key findings of the study.