Threat Intelligence

7/17/2018
04:20 PM
Connect Directly
Twitter
LinkedIn
Google+
RSS
E-Mail
50%
50%

One-Third of Businesses Lack a Cybersecurity Expert

Alarming, yes, but it's actually an improvement over past years, a new Gartner survey of more than 3,000 CIOs reveals.

A survey of more than 3,000 CIOs found 95% of technology leaders expect cybersecurity threats to grow – but only 65% have a cybersecurity expert on staff, Gartner researchers report.

The "2018 CIO Agenda Survey" polled 3,160 CIOs across 98 countries and several major industries, which collectively represent $13 trillion in revenue and public-sector budgets, and $277 billion in IT spending. Despite the investments, security is a prime concern.

Gartner research director Rob McMillan and principal research analyst Sam Olyaei compiled the study of CIO perspectives. While this survey is conducted annually, this is the first time participants were polled on whether they have a dedicated cybersecurity pro on staff.

"I think it's alarming to point out that one-third don't have a dedicated resource," Olyaei tells Dark Reading. The researchers didn't ask about specific experts for different security functions; they wanted to know whether organizations had a security expert at all.

However, he explains, it's important to note that 65% is a "huge increase" over what the data has shown in previous years. Olyaei attributes the rise to new regulations dictating companies must have a security person on staff. The New York Department of Financial Services, for example, introduced a rule stating financial organizations must have security personnel.

There are a few reasons why businesses don't have security experts, and they primarily relate to culture, cost, and complex skill sets. In many industries, cybersecurity is still not given much scrutiny and falls under the responsibility of IT or networking employees on staff. Their cultural mindset doesn't prioritize security; as a result, they feel they don't need a dedicated expert.

"Then there are certain organizations that actually look at this and say, 'We need a security expert, but we can't find one,'" Olyaei continues. "They either can't afford a certain skill set or aren't willing to spend the type of money security experts command."

How much is that? The average salary for a CISO is $250,000, he points out, and nobody really has the money to spend on a CISO unless they're a major organization like a large bank or pharmaceutical company. Smaller institutions, such as local banks or credit unions, are stuck looking for employees with the same skill sets but will work for half the pay.

Finally, the ability to handle and secure emerging technologies, such as the cloud or artificial intelligence, is scarce. Companies can't hire those employees because the tech is so new, few people have developed expertise related to it.

"Even with a blank check, those skills don't exist," Olyaei says.

While they may not be able to afford advanced cyber expertise, companies are investing more in security tech. Thirty-five percent of respondents say their organizations have already invested in, and deployed, some aspect of digital security, researchers found. An additional 36% are experimenting or planning to introduce capabilities in the short term: Gartner anticipates 60% of security budgets will support threat detection and response by 2020.

Those investing in new technologies are generally more mature respondents in financial services, Olyaei and McMillan found. They're investing in threat hunting, deception technologies, open source intelligence, and other tools they can use to scour the Dark Web to see whether they've been exposed, Olyaei says. Third-party risk management is also a popular area.

"You have to start to manage not just yourself, but your business partners, vendors, and regulators," he advises.

Related Content:

 

 

 

Black Hat USA returns to Las Vegas with hands-on technical Trainings, cutting-edge Briefings, Arsenal open-source tool demonstrations, top-tier security solutions and service providers in the Business Hall. Click for information on the conference and to register.

Kelly Sheridan is the Staff Editor at Dark Reading, where she focuses on cybersecurity news and analysis. She is a business technology journalist who previously reported for InformationWeek, where she covered Microsoft, and Insurance & Technology, where she covered financial ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
WSJ Report: Facebook Breach the Work of Spammers, Not Nation-State Actors
Curtis Franklin Jr., Senior Editor at Dark Reading,  10/19/2018
6 Reasons Why Employees Violate Security Policies
Ericka Chickowski, Contributing Writer, Dark Reading,  10/16/2018
NC Water Utility Fights Post-Hurricane Ransomware
Kelly Sheridan, Staff Editor, Dark Reading,  10/16/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Flash Poll
The Risk Management Struggle
The Risk Management Struggle
The majority of organizations are struggling to implement a risk-based approach to security even though risk reduction has become the primary metric for measuring the effectiveness of enterprise security strategies. Read the report and get more details today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-10839
PUBLISHED: 2018-10-16
Qemu emulator <= 3.0.0 built with the NE2000 NIC emulation support is vulnerable to an integer overflow, which could lead to buffer overflow issue. It could occur when receiving packets over the network. A user inside guest could use this flaw to crash the Qemu process resulting in DoS.
CVE-2018-13399
PUBLISHED: 2018-10-16
The Microsoft Windows Installer for Atlassian Fisheye and Crucible before version 4.6.1 allows local attackers to escalate privileges because of weak permissions on the installation directory.
CVE-2018-18381
PUBLISHED: 2018-10-16
Z-BlogPHP 1.5.2.1935 (Zero) has a stored XSS Vulnerability in zb_system/function/c_system_admin.php via the Content-Type header during the uploading of image attachments.
CVE-2018-18382
PUBLISHED: 2018-10-16
Advanced HRM 1.6 allows Remote Code Execution via PHP code in a .php file to the user/update-user-avatar URI, which can be accessed through an "Update Profile" "Change Picture" (aka user/edit-profile) action.
CVE-2018-18374
PUBLISHED: 2018-10-16
XSS exists in the MetInfo 6.1.2 admin/index.php page via the anyid parameter.