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Security Spending Leaves Data Vulnerable

Security Spending Leaves Data Vulnerable

Despite an increase in security spending cyber breaches are on the rise.

A study confirmed there is an ongoing disconnect between the security systems organisations spend money on and the ability of those systems to protect sensitive data.

According to the 2017 Thales Data Threat Report data protection tactics have not evolved to match security threats.

The report was based on a poll of 1,105 executives in the UK, US, Germany, Australia, Brazil and Japan.

Despite the increase 68% of respondents said they had experienced a breach, with 26% experiencing a breach in the past year.

The study was conducted in conjunction with security firm 451 Research. It also showed that 30% of respondents classify their organisations as “very vulnerable” or “extremely vulnerable” to data attacks.

The report highlights that despite the rise in breaches, companies are still prioritising network and endpoint security systems over encryption.

Senior analyst at 451 Research, Garrett Bekker, said organisations are spending on the same systems that worked for them in the past, but not necessarily on those that are most effective at stopping breaches.

He said: “It stands to reason that if security strategies aren’t equally as dynamic in this fast-changing threat environment, the rate of breaches will continue to increase.”

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