Companies will face a shortage of 1.8 million qualified information security personnel by 2022, according to a survey by Booz Allen Hamilton Holding Corp. and ISC2.
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A third of Fortune 100 boards currently include a director who is a CIO. According to unpublished Korn Ferry data, cited by Harvard Business Review, the number of CIOs serving on Fortune 100 boards has increased 74% in the past two years.
Worldwide spending on information security is expected to reach $90 billion in 2017, an increase of 7.6 percent over 2016, and to top $113 billion by 2020, according to advisory firm Gartner. Spending on enhancing detection and response capabilities will likely be a key priority for security buyers through 2020.
Some 96 percent of IT professionals expect an increase in attacks on the security of industrial IoT (IIoT), a recent survey shows.
The good news for Internet entertainment, news and search site Yahoo Inc. is that Verizon Communications Inc. is still interested in acquiring the company following its disclosure of massive data breaches. The bad news is that the value of the deal has dropped precipitously after the security incidents became public knowledge.
Some 12 percent of companies in Germany were breached in the past year, and most IT decision makers don’t know how their company was breached, according to a Bitdefender survey of 100 German respondents.
Companies that offer goods and services to EU citizens will have to intensify their focus on privacy issues when the European Union’s General Data Protection Regulation (GDPR) takes effect in April 2018, according to a report by consultancy firm PwC.
Cloud security spending increased for 49 percent of UK companies in the past year, while the IT security budget for other security activities remained the same, according to a Bitdefender survey of 153 IT decision makers in the United Kingdom in companies with more than 1,000 PCs.
Some 34 percent of companies were breached in the past 12 months, while 74 percent of IT decision makers don’t know how their company was breached, according to a Bitdefender survey of 250 IT decision makers in the United States in companies with more than 1,000 PCs.
Some 66% of companies would pay an average of $124k to avoid public shaming scandals following a security breach, according to a Bitdefender survey of 250 IT decision makers in the United States in companies with more than 1,000 PCs.
We are pleased to inform you that Business Insights, which has drawn much inspiration from readers like you over the past year, has won the Best Corporate Security blog award at this year’s RSA Conference in San Francisco!
Nearly 90 percent of directors at public companies say their board discusses cyber-risk regularly, yet only 14 percent of boards have in-depth knowledge of cyber-risks, according to a survey by the National Association of Corporate Directors (NACD), cited by Internal Auditor.