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
Newest First  |  Oldest First  |  Threaded View
Microsoft President: Governments Must Cooperate on Cybersecurity
Kelly Sheridan, Staff Editor, Dark Reading,  11/8/2018
5 Reasons Why Threat Intelligence Doesn't Work
Jonathan Zhang, CEO/Founder of WhoisXML API and TIP,  11/7/2018
Why Password Management and Security Strategies Fall Short
Steve Zurier, Freelance Writer,  11/7/2018
Register for Dark Reading Newsletters
Partner Perspectives
What's This?
gigamon: Partner Perspectives
Gigamon is the company driving the convergence of networking and security. We help make more threats visible, deploy resources more efficiently and maximize performance of your network and security tools.
Featured Writers
White Papers
Video
Cartoon
Current Issue
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-6260
PUBLISHED: 2018-11-13
NVIDIA graphics driver contains a vulnerability that may allow access to application data processed on the GPU through a side channel exposed by the GPU performance counters. Local user access is required. This is not a network or remote attack vector.
CVE-2018-16850
PUBLISHED: 2018-11-13
postgresql before versions 11.1, 10.6 is vulnerable to a to SQL injection in pg_upgrade and pg_dump via CREATE TRIGGER ... REFERENCING. Using a purpose-crafted trigger definition, an attacker can cause arbitrary SQL statements to run, with superuser privileges.
CVE-2018-17187
PUBLISHED: 2018-11-13
The Apache Qpid Proton-J transport includes an optional wrapper layer to perform TLS, enabled by use of the 'transport.ssl(...)' methods. Unless a verification mode was explicitly configured, client and server modes previously defaulted as documented to not verifying a peer certificate, with options...
CVE-2018-1792
PUBLISHED: 2018-11-13
IBM WebSphere MQ 8.0.0.0 through 8.0.0.10, 9.0.0.0 through 9.0.0.5, 9.0.1 through 9.0.5, and 9.1.0.0 could allow a local user to inject code that could be executed with root privileges. IBM X-Force ID: 148947.
CVE-2018-1808
PUBLISHED: 2018-11-13
IBM WebSphere Commerce 9.0.0.0 through 9.0.0.6 could allow some server-side code injection due to inadequate input control. IBM X-Force ID: 149828.