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Cybersecurity and its costs—how much money is being wasted?

‎04-17-2014 08:12 AM - edited ‎06-09-2015 10:56 AM

“Cybersecurity.” Thanks to last week’s Heartbleed eruption, the term has leaked down from security water-cooler discussions at the office, to a household discussion. But as commonplace as the terminology may be these days, many people aren’t aware of the cost of cybersecurity—and how much of that money is actually being wasted.

The numbers are a bit shocking. Every year, businesses spend close to $46 billion dollars (USD) on IT security, yet breaches are continuing to grow at the rate of 20 percent per year. HP Enterprise Security’s SVP and GM, Art Gilliland, says, “We are not winning. We need to think about where we are spending our money and what we should be investing in.”

 

When it comes to your enterprise, where are the security funds going? In order to reprioritize your security budget, it’s imperative to understand the lifecycle of cyberattacks and how they are related to the cybercrime ecosystem. The attacks happen in 5 stages:

  1. Research
  2. Infiltration
  3. Discovery
  4. Capture
  5. Exfiltration of information

 

Art says, “We spend a lot of time talking about individual participants: criminals, nation states, hacktivists. Those actors are interesting but they are a red herring. We should be focusing on the fact that they are participating in a marketplace. They are buying and selling services from each other, because if you specialise in one of those stages and sell your services to someone else you'll make more money.” Therefore, it needs to become a best practice for businesses to review and  consider all 5 of these stages before deciding where to invest their security funds.

Learn more about how you can shift your security capabilities to catch adversaries before they infiltrate your systems. 

 

Also available, Art Gilliland’s keynote from RSA 2014 Security Conference on the same topic: “Stop looking for the silver bullet: Start thinking like a bad guy.” 

 

 

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