Welcome!

Agile Computing Authors: SmartBear Blog, Elizabeth White, Yung Chou, Pat Romanski, Sanjay Uppal

Blog Feed Post

Traditional Approaches To Cybersecurity Are ‘Outdated And No Longer Work'

  • Study highlights significant risks of outmoded cyber security strategies
  • Board directors suffering from fear, uncertainty and doubt (FUD) fatigue
  • Investment in cyber security technology often seen as an overhead rather than risk mitigation

LONDON, 22 May, 2014 - Traditional approaches to cybersecurity are no longer working and organisations that fail to update their strategies run the risk of significant financial and reputational damage. This was the major insight from the inaugural IT Leaders' Roundtable events[1] hosted by Protiviti and Robert Half Technology, which were attended by chief information security officers (CISOs) from a range of private and public sector organisations.

The main challenge lies in communication between CISOs/IT and the board, reported attendees. While boards of directors are aware of the risks associated with cyber crime, partly because of recent high profile attacks in the news and partly because of guidance from GCHQ and other government bodies, they tend to view expenditure on measures to tackle cyber crime as overheads, rather than risk mitigation.

A separate survey[2] found that nearly three-quarters (72%) of CIOs/CTOs indicate that cybersecurity is being prioritized by senior management, but that this number drops to 55% for small and medium-sized enterprises (SMEs). The primary reasons why the lack of prioritisation include lack of perceived imminent threat (39%), cost considerations (21%) and the belief that company information is not of external value (17%).

CIOs/CTOs were asked, 'What is the primary reason why cybersecurity is not being prioritised by senior management?' Their responses:

Lack of perceived imminent threat

39%

Cost considerations

21%

Belief company information is not of external value

17%

Not a regulated organisation

10%

Lack of understanding

10%

Other business initiatives of greater importance

3%

Jonathan Wyatt, managing director of Protiviti UK, said: "Our annual survey of the top business risks for UK executives shows that cybersecurity is among the top concerns for 2014, alongside regulatory change, economic conditions and political uncertainty. More boards recognise that cyber threats have the potential to disrupt core operations, bringing what was previously a low level IT concern to the senior decision making table."

Attendees also reported that their boards were experiencing fear, uncertainty and doubt (FUD) fatigue and tended to believe that they could get away with current protection against cyber attacks - despite the fact that the world has changed significantly because of social media, mobile and cloud technology.

Ryan Rubin, managing director and leader of Protiviti's UK Security and Privacy practice, commented: "Traditional approaches need to change to reverse the trends and help mitigate risk. The average cost of a data breach is $250 per record - and there are mounting expectations that a company will do something for customers whose information have been compromised. As well as reputational damage, companies can face costs that escalate very quickly."

Charlie Grubb, Associate Director, Robert Half Technology added: "When we asked about the quality of information exchange around cybersecurity between IT and the board, organisations reported that this was mostly limited and reactive, rather than ongoing. The delegates' experiences suggest that IT security professionals need to develop skills beyond their technological knowledge - the most successful will be those who are able to explain the impact of cybersecurity risks to the board in language that they understand."

Looking at the most senior roles in IT teams, Chief Information Security Officers (CISOs) experienced the highest annual salary percent increase at 3.5%, according to the The Robert Half 2014 Salary Guide for Technology Professionals[3], reflecting the importance of information security in today's organisations and the growing shortage of experienced senior candidates.

-ENDS-

An infographic highlighting key cybersecurity statistics and issues impacting UK businesses is available here http://www.roberthalf.co.uk/cybersecurity-infographic and can be embedded on websites using the following code:

<p><a href="http://www.roberthalf.co.uk/cybersecurity-infographic" target="_blank"><img src="http://www.roberthalf.co.uk/EMEA/United%20Kingdom/Assets/uploads/rhuk_cybersecurity-infographic.jpg" alt="Robert Half Cybersecurity Infographic"/></a></p>

Notes to editors

  1. The inaugural IT Leaders' Roundtable events were held in London and Swindon in February 2014 and were attended by chief information security officers (CISOs) from a range of private and public sector organisations.
  2. A survey of 100 UK CIOs/CTOs was conducted in December 2013 and results are stratified by region, company size and company type.
  3. The Robert Half 2014 Salary Guide for Technology Professionals is available here: http://www.roberthalf.co.uk/salary-guides

About Robert Half
Robert Half is the world's first and largest specialised recruitment consultancy and member of the S&P 500. Founded in 1948, the company has over 345 offices worldwide and 18 in the United Kingdom providing temporary, interim and permanent recruitment solutions for accounting and finance, financial services, technology and administrative professionals. For more than 15 years, Robert Half has been named to FORTUNE® magazine's list of "Most Admired Companies" and offers workplace and job seeker resources at http://www.roberthalf.co.uk/ and www.twitter.com/roberthalfuk.

For more information
Kia McLean
Citigate Dewe Rogerson
020 7282 1092
[email protected]

Source: RealWire

Read the original blog entry...

More Stories By RealWire News Distribution

RealWire is a global news release distribution service specialising in the online media. The RealWire approach focuses on delivering relevant content to the receivers of our client's news releases. As we know that it is only through delivering relevance, that influence can ever be achieved.

@ThingsExpo Stories
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
SYS-CON Events announced today that iDevices®, the preeminent brand in the connected home industry, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. iDevices, the preeminent brand in the connected home industry, has a growing line of HomeKit-enabled products available at the largest retailers worldwide. Through the “Designed with iDevices” co-development program and its custom-built IoT Cloud Infrastruc...
Eighty percent of a data scientist’s time is spent gathering and cleaning up data, and 80% of all data is unstructured and almost never analyzed. Cognitive computing, in combination with Big Data, is changing the equation by creating data reservoirs and using natural language processing to enable analysis of unstructured data sources. This is impacting every aspect of the analytics profession from how data is mined (and by whom) to how it is delivered. This is not some futuristic vision: it's ha...
Silver Spring Networks, Inc. (NYSE: SSNI) extended its Internet of Things technology platform with performance enhancements to Gen5 – its fifth generation critical infrastructure networking platform. Already delivering nearly 23 million devices on five continents as one of the leading networking providers in the market, Silver Spring announced it is doubling the maximum speed of its Gen5 network to up to 2.4 Mbps, increasing computational performance by 10x, supporting simultaneous mesh communic...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including clou...
Most people haven’t heard the word, “gamification,” even though they probably, and perhaps unwittingly, participate in it every day. Gamification is “the process of adding games or game-like elements to something (as a task) so as to encourage participation.” Further, gamification is about bringing game mechanics – rules, constructs, processes, and methods – into the real world in an effort to engage people. In his session at @ThingsExpo, Robert Endo, owner and engagement manager of Intrepid D...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.