New Security Report: The Security Bottom Line, How Much Security Is Enough?
When companies make investments into multiple security solutions and still get breached, it begs the question: How much should be spent on security? How many products does an organization need? How much security is enough? Cisco's new report answers these questions through a double-blind survey of approximately 80 security professionals, along with expert commentary from Duo's CISO advisor Wendy Nather in the recently released report, "The Security Bottom Line."
The Top 4 Security Problem Areas For Business
In the report Duo’s Head of Advisory CISOs, Wendy Nather, calls out the following four factors that can affect security success:
Budgets Sizes: Among mid-market organizations (250-999 employees), 46% spend under $250,000 on security each year and 43% spend $250,000 to $999,999. Among enterprise organizations (1,000-9,999 employees), 57% spend between $250,000 and $999,999, 23% spend less than $250,000, and 20% spend at least $1 million. Half of large enterprises (more than 10,000 employees) spend $1 million or more on security each year and 43% spend between $250,000 and $999,999.
Shortage of Expertise: Money isn't the only issue. When 80% of companies identify which systems and data need the most security and protection, it is expertise, capability and influence that can be blockers in spite of budgets and spending power.
Mid-Size Businesses Are Struggling With Security: The report shows organizations with 1,000-9,999 employees, only 23% rely most heavily on internal staff for security expertise, compared with 37% of respondents overall. This could lead to more risk.
Influence and Outside Vendors: Major concern for CISOs today. With services, hardware, and software coming from dozens or hundreds of different sources, organizations don’t stand a chance when it comes to exerting complete control over their security.
To learn more, download the free report below.
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How much security is enough? Find out in our latest report.Download Free Report