Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Operations

2/5/2018
02:00 PM
Jai Vijayan
Jai Vijayan
Slideshows
Connect Directly
Twitter
LinkedIn
RSS
E-Mail
50%
50%

7 Ways to Maximize Your Security Dollars

Budget and resource constraints can make it hard for you to meet security requirements, but there are ways you can stretch your budget.
Previous
1 of 8
Next

Image Source:  lovelyday12

Image Source: lovelyday12

Organizations are under growing pressure to extract more value from their IT security dollars.

Many have had to sharply increase their security spending in recent years to address new threats and meet compliance requirements. The proportion of the IT budget that is allocated to security has grown steadily at many organizations and now averages over 5.6%, according to Gartner. Some spend as much as 13% of their overall IT budget on security, the analyst firm has noted.

Gartner expects that businesses and governments worldwide will spend over $96 billion on cybersecurity this year compared to around $84 billion last year. Much of that spending is being driven by data breach concerns and attacks like the WannaCry and NotPetya pandemics of 2017.

"According to our quantitative research, over 40% of organizations are increasing their security spend against only 4% lowering it," says Daniel Kennedy, an analyst with 451 Research. "The most significant organizational change security teams are making is trying to add people, and having a hard time doing it because of a lack of available talent at certain salary levels."

Cutting security spending in the present threat landscape can be extremely challenging for most organizations. The question is about how to meet all your security requirements given budget and resource constraints, Kennedy says.

Here are seven tips for getting more from your security dollars:

 

Jai Vijayan is a seasoned technology reporter with over 20 years of experience in IT trade journalism. He was most recently a Senior Editor at Computerworld, where he covered information security and data privacy issues for the publication. Over the course of his 20-year ... View Full Bio
 

Recommended Reading:

Previous
1 of 8
Next
Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Michael Lines
0%
100%
Michael Lines,
User Rank: Author
2/15/2018 | 3:07:00 PM
And start with risk...
All good points in terms of what companies can do to maximize the effectiveness of their security program. The item I would add, and suggest should be step one, is to view their security program through the lens of risk. What are the critical assets of the company (which can be data, business processes or systems), what are the most likely threats to those assets, what vulnerabilities exist against likely attacks, and finally what are the ramifications from a successful attack. From that, the CISO can develop a list of actions to close the gaps, prioritized by their risk score. Risk assessment and ongoing management allow the cash, time and staff-strapped CISO to make the most use of the limited resources they have to reduce the overall risk to the enterprise, and perhaps even more important, be able to justify what they are doing and why to their leadership and regulators. 
News
Inside the Ransomware Campaigns Targeting Exchange Servers
Kelly Sheridan, Staff Editor, Dark Reading,  4/2/2021
Commentary
Beyond MITRE ATT&CK: The Case for a New Cyber Kill Chain
Rik Turner, Principal Analyst, Infrastructure Solutions, Omdia,  3/30/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-3493
PUBLISHED: 2021-04-17
The overlayfs implementation in the linux kernel did not properly validate with respect to user namespaces the setting of file capabilities on files in an underlying file system. Due to the combination of unprivileged user namespaces along with a patch carried in the Ubuntu kernel to allow unprivile...
CVE-2021-3492
PUBLISHED: 2021-04-17
Shiftfs, an out-of-tree stacking file system included in Ubuntu Linux kernels, did not properly handle faults occurring during copy_from_user() correctly. These could lead to either a double-free situation or memory not being freed at all. An attacker could use this to cause a denial of service (ker...
CVE-2020-2509
PUBLISHED: 2021-04-17
A command injection vulnerability has been reported to affect QTS and QuTS hero. If exploited, this vulnerability allows attackers to execute arbitrary commands in a compromised application. We have already fixed this vulnerability in the following versions: QTS 4.5.2.1566 Build 20210202 and later Q...
CVE-2020-36195
PUBLISHED: 2021-04-17
An SQL injection vulnerability has been reported to affect QNAP NAS running Multimedia Console or the Media Streaming add-on. If exploited, the vulnerability allows remote attackers to obtain application information. QNAP has already fixed this vulnerability in the following versions of Multimedia C...
CVE-2021-29445
PUBLISHED: 2021-04-16
jose-node-esm-runtime is an npm package which provides a number of cryptographic functions. In versions prior to 3.11.4 the AES_CBC_HMAC_SHA2 Algorithm (A128CBC-HS256, A192CBC-HS384, A256CBC-HS512) decryption would always execute both HMAC tag verification and CBC decryption, if either failed `JWEDe...