Click here to close now.

Welcome!

Web 2.0 Authors: Carmen Gonzalez, Jayaram Krishnaswamy, Jnan Dash, Pat Romanski, Hovhannes Avoyan

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Traditional Approaches To Cybersecurity Are ‘Outdated And No Longer Work'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
The best mobile applications are augmented by dedicated servers, the Internet and Cloud services. Mobile developers should focus on one thing: writing the next socially disruptive viral app. Thanks to the cloud, they can focus on the overall solution, not the underlying plumbing. From iOS to Android and Windows, developers can leverage cloud services to create a common cross-platform backend to persist user settings, app data, broadcast notifications, run jobs, etc. This session provides a high level technical overview of many cloud services available to mobile app developers, includi...
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
Health care systems across the globe are under enormous strain, as facilities reach capacity and costs continue to rise. M2M and the Internet of Things have the potential to transform the industry through connected health solutions that can make care more efficient while reducing costs. In fact, Vodafone's annual M2M Barometer Report forecasts M2M applications rising to 57 percent in health care and life sciences by 2016. Lively is one of Vodafone's health care partners, whose solutions enable older adults to live independent lives while staying connected to loved ones. M2M will continue to gr...
SYS-CON Events announced today that Ciqada will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Ciqada™ makes it easy to connect your products to the Internet. By integrating key components - hardware, servers, dashboards, and mobile apps - into an easy-to-use, configurable system, your products can quickly and securely join the internet of things. With remote monitoring, control, and alert messaging capability, you will meet your customers' needs of tomorrow - today! Ciqada. Let your products take flight. For more inform...
Dave will share his insights on how Internet of Things for Enterprises are transforming and making more productive and efficient operations and maintenance (O&M) procedures in the cleantech industry and beyond. Speaker Bio: Dave Landa is chief operating officer of Cybozu Corp (kintone US). Based in the San Francisco Bay Area, Dave has been on the forefront of the Cloud revolution driving strategic business development on the executive teams of multiple leading Software as a Services (SaaS) application providers dating back to 2004. Cybozu's kintone.com is a leading global BYOA (Build Your O...
While not quite mainstream yet, WebRTC is starting to gain ground with Carriers, Enterprises and Independent Software Vendors (ISV’s) alike. WebRTC makes it easy for developers to add audio and video communications into their applications by using Web browsers as their platform. But like any market, every customer engagement has unique requirements, as well as constraints. And of course, one size does not fit all. In her session at WebRTC Summit, Dr. Natasha Tamaskar, Vice President, Head of Cloud and Mobile Strategy at GENBAND, will explore what is needed to take a real time communications ...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
SYS-CON Events announced today that GENBAND, a leading developer of real time communications software solutions, has been named “Silver Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. The GENBAND team will be on hand to demonstrate their newest product, Kandy. Kandy is a communications Platform-as-a-Service (PaaS) that enables companies to seamlessly integrate more human communications into their Web and mobile applications - creating more engaging experiences for their customers and boosting collaboration and productiv...
SYS-CON Events announced today that BroadSoft, the leading global provider of Unified Communications and Collaboration (UCC) services to operators worldwide, has been named “Gold Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BroadSoft is the leading provider of software and services that enable mobile, fixed-line and cable service providers to offer Unified Communications over their Internet Protocol networks. The Company’s core communications platform enables the delivery of a range of enterprise and consumer calling...
What exactly is a cognitive application? In her session at 16th Cloud Expo, Ashley Hathaway, Product Manager at IBM Watson, will look at the services being offered by the IBM Watson Developer Cloud and what that means for developers and Big Data. She'll explore how IBM Watson and its partnerships will continue to grow and help define what it means to be a cognitive service, as well as take a look at the offerings on Bluemix. She will also check out how Watson and the Alchemy API team up to offer disruptive APIs to developers.
The IoT Bootcamp is coming to Cloud Expo | @ThingsExpo on June 9-10 at the Javits Center in New York. Instructor. Registration is now available at http://iotbootcamp.sys-con.com/ Instructor Janakiram MSV previously taught the famously successful Multi-Cloud Bootcamp at Cloud Expo | @ThingsExpo in November in Santa Clara. Now he is expanding the focus to Janakiram is the founder and CTO of Get Cloud Ready Consulting, a niche Cloud Migration and Cloud Operations firm that recently got acquired by Aditi Technologies. He is a Microsoft Regional Director for Hyderabad, India, and one of the f...
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal today!
So I guess we’ve officially entered a new era of lean and mean. I say this with the announcement of Ubuntu Snappy Core, “designed for lightweight cloud container hosts running Docker and for smart devices,” according to Canonical. “Snappy Ubuntu Core is the smallest Ubuntu available, designed for security and efficiency in devices or on the cloud.” This first version of Snappy Ubuntu Core features secure app containment and Docker 1.6 (1.5 in main release), is available on public clouds, and for ARM and x86 devices on several IoT boards. It’s a Trend! This announcement comes just as...
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting wearables as fashion accessories and moving away from the original clunky technology associated with t...
SYS-CON Events announced today that Litmus Automation will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Litmus Automation’s vision is to provide a solution for companies that are in a rush to embrace the disruptive Internet of Things technology and leverage it for real business challenges. Litmus Automation simplifies the complexity of connected devices applications with Loop, a secure and scalable cloud platform.
In 2015, 4.9 billion connected "things" will be in use. By 2020, Gartner forecasts this amount to be 25 billion, a 410 percent increase in just five years. How will businesses handle this rapid growth of data? Hadoop will continue to improve its technology to meet business demands, by enabling businesses to access/analyze data in real time, when and where they need it. Cloudera's Chief Technologist, Eli Collins, will discuss how Big Data is keeping up with today's data demands and how in the future, data and analytics will be pervasive, embedded into every workflow, application and infra...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, will provide some practical insights on what, how and why when implementing "software-defined" in the datacenter.
SYS-CON Media announced today that @ThingsExpo Blog launched with 7,788 original stories. @ThingsExpo Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @ThingsExpo Blog can be bookmarked. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago.
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on Twitter at @MicroservicesE