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Cybersecurity Survey: Investments, Insurance, and Inflated Confidence

Cybersecurity Survey: Investments, Insurance, and Inflated Confidence

IT and senior management are overstating their ability to deal with cybersecurity threats

White Paper

All available industry statistics show that cybersecurity attacks and breaches continue to rise. The latest FICO survey results show that enterprise organizations are – quite rightly – prepared to invest more funds in cybersecurity technology and training requirements. Ovum's own security forecast supports this position, demonstrating that spending on security products and services will continue to rise at a compound annual growth rate (CAGR) of around 10% through to 2022. However, and despite evidence to the contrary, senior management continue to believe they are well positioned for cyber-readiness, and that their position will improve further in the year ahead.