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.

Partner Perspectives  Connecting marketers to our tech communities.
5/8/2018
09:00 AM
Graham Melville
Graham Melville
Partner Perspectives
Connect Directly
Twitter
LinkedIn
RSS
50%
50%

Report: More Breaches Despite Increasing Security Budgets

Lack of security talent, low security awareness among employees, and too much data to analyze tops the list of cyberthreats in the 2018 Cyberthreat Defense Threat Report from CyberEdge group.

Despite companies increasing their security budgets and investing a fortune in the best cybersecurity tools, organizations today are subject to more successful breaches than ever before – with five million data records lost or stolen every day, according to the fifth annual Cyberthreat Defense Report from CyberEdge group and sponsored by Gigamon. A full  77.2% of respondents  report that their company had been successfully breached at least once in 2017, with 27.4% reportedly breached more than six times. More than 62% say they expect to be breached this year.

Even more astonishing is the fact that the high breach counts are occurring despite companies' large investment in security tools. According to the Cyberthreat report, security currently consumes more than 12% of the overall IT budget globally, with security budgets set to rise nearly five percent this year.

Compounding this problem is a lack of cybersecurity talent. Increasing budgets do no good if you can’t find the right people. In 2017, nearly nine out of 10 organizations experienced a shortage of IT security talent, validating recurring headlines about a global shortage of one to two million cybersecurity professionals. This year, there is a slight improvement in the problem organizations face finding security professions with the right mix of security skills, with only eight out of 10 respondents indicating that their organizations are impacted by the security talent shortfall.

Still, it’s first in a list of the highest-rated cyberthreats.

It all adds up to a scary picture, as – despite increasing security budgets - companies struggle to deal with headaches ranging from low security awareness, lack of management support, small budgets, simply too much data even for new tools to analyze, and little confidence in current investments.

Learn more about the 2018 Cyberthreat Defense Report, including an infographic with some of the statistics we used in this blog post and an executive brief that delivers key findings.

Graham Melville has over 25 years in the security, networking and mobility vendor space. Graham is a marketing executive that can connect technology to business issues with one of his patents being the micro segmentation of traffic on Wi-Fi delivered through virtual AP ... View Full Bio
Comment  | 
Print  | 
More Insights
Comments
Threaded  |  Newest First  |  Oldest First
Zero-Factor Authentication: Owning Our Data
Nick Selby, Chief Security Officer at Paxos Trust Company,  2/19/2020
44% of Security Threats Start in the Cloud
Kelly Sheridan, Staff Editor, Dark Reading,  2/19/2020
Ransomware Damage Hit $11.5B in 2019
Dark Reading Staff 2/20/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
6 Emerging Cyber Threats That Enterprises Face in 2020
This Tech Digest gives an in-depth look at six emerging cyber threats that enterprises could face in 2020. Download your copy today!
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2014-7914
PUBLISHED: 2020-02-21
btif/src/btif_dm.c in Android before 5.1 does not properly enforce the temporary nature of a Bluetooth pairing, which allows user-assisted remote attackers to bypass intended access restrictions via crafted Bluetooth packets after the tapping of a crafted NFC tag.
CVE-2016-4606
PUBLISHED: 2020-02-21
Curl before 7.49.1 in Apple OS X before macOS Sierra prior to 10.12 allows remote or local attackers to execute arbitrary code, gain sensitive information, cause denial-of-service conditions, bypass security restrictions, and perform unauthorized actions. This may aid in other attacks.
CVE-2020-5243
PUBLISHED: 2020-02-21
uap-core before 0.7.3 is vulnerable to a denial of service attack when processing crafted User-Agent strings. Some regexes are vulnerable to regular expression denial of service (REDoS) due to overlapping capture groups. This allows remote attackers to overload a server by setting the User-Agent hea...
CVE-2019-14688
PUBLISHED: 2020-02-20
Trend Micro has repackaged installers for several Trend Micro products that were found to utilize a version of an install package that had a DLL hijack vulnerability that could be exploited during a new product installation. The vulnerability was found to ONLY be exploitable during an initial produc...
CVE-2019-19694
PUBLISHED: 2020-02-20
The Trend Micro Security 2019 (15.0.0.1163 and below) consumer family of products is vulnerable to a denial of service (DoS) attack in which a malicious actor could manipulate a key file at a certain time during the system startup process to disable the product's malware protection functions or the ...