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
Crowdsourced vs. Traditional Pen Testing
Alex Haynes, Chief Information Security Officer, CDL,  3/19/2019
BEC Scammer Pleads Guilty
Dark Reading Staff 3/20/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: Well, at least it isn't Mobby Dick!
Current Issue
5 Emerging Cyber Threats to Watch for in 2019
Online attackers are constantly developing new, innovative ways to break into the enterprise. This Dark Reading Tech Digest gives an in-depth look at five emerging attack trends and exploits your security team should look out for, along with helpful recommendations on how you can prevent your organization from falling victim.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2015-3965
PUBLISHED: 2019-03-23
Hospira Symbiq Infusion System 3.13 and earlier allows remote authenticated users to trigger "unanticipated operations" by leveraging "elevated privileges" for an unspecified call to an incorrectly exposed function.
CVE-2016-10743
PUBLISHED: 2019-03-23
hostapd before 2.6 does not prevent use of the low-quality PRNG that is reached by an os_random() function call.
CVE-2019-9947
PUBLISHED: 2019-03-23
An issue was discovered in urllib2 in Python 2.x through 2.7.16 and urllib in Python 3.x through 3.7.2. CRLF injection is possible if the attacker controls a url parameter, as demonstrated by the first argument to urllib.request.urlopen with \r\n (specifically in the query string or PATH_INFO) follo...
CVE-2019-9948
PUBLISHED: 2019-03-23
urllib in Python 2.x through 2.7.16 supports the local_file: scheme, which makes it easier for remote attackers to bypass protection mechanisms that blacklist file: URIs, as demonstrated by triggering a urllib.urlopen('local_file:///etc/passwd') call.
CVE-2019-9945
PUBLISHED: 2019-03-23
SoftNAS Cloud 4.2.0 and 4.2.1 allows remote command execution. The NGINX default configuration file has a check to verify the status of a user cookie. If not set, a user is redirected to the login page. An arbitrary value can be provided for this cookie to access the web interface without valid user...