Dark Reading | August 14, 2017

Security spending and staffing are rising, but restrained resources are tempering market growth.

The IT security market is often painted as a non-stop growth curve with no end in sight. But many analysts who have studied market trends say despite recent increases in spending and hiring, the market paradoxically is being slowed by a shortage of resources.

In some cases, upper management is putting a cap on spending and hiring. In the recently published 2017 Black Hat Attendee Survey, most security professionals say they are increasing hiring and spending. Yet, some 71% of security professionals do not feel they have enough people to handle the threats they will face in the coming year. Fifty-eight percent say they don’t have enough budget.

TechTarget | July 31, 2017

Payment risks and email scams are too complex to pass off to an insurance provider. They call for C-level involvement in making sure the entire trading partner network is secure.

Some CFOs and corporate treasury managers lack a sense of urgency about the need for cybercrime prevention and about the financial hits that could come from cybercrime attacks. Scanning conference rosters, I see an emphasis on cyberinsurance, which ostensibly transfers the risk of loss to someone else, all for the price of a policy. But an effective cybercrime prevention strategy requires much more than that. It requires CFOs to be proactive about making their networks secure.