How do you know how much cybersecurity is enough? Roughly 45 percent of global CIOs admit to underinvesting in cybersecurity according to a recent Accenture study. While CIOs are generally aware that endpoint protection alone is not enough to protect their business against advanced cyber threats, many are reluctant to upgrade security technologies. Why? Because of the perceived cost involved.
According to the U.S. Treasury, companies often avoid sufficiently investing in cybersecurity because they perceive that existing threats don’t warrant high levels of investment. Unfortunately, the cost of data breaches is high – as many organizations have discovered in the wake of recent mega breaches. After several high-profile Point of Sale (POS) attacks that compromised customer credit card data, some retailers are still struggling to regain the public’s trust. In fact, firms are questioning whether a company that wasn’t investing sufficiently in cybersecurity should be liable for losses suffered by users. It’s a valid point. How much cybersecurity does a company owe its customers?
Security expert, Ian McShane, will explore this question and others in more detail in a #DirtyTopics chat, Underinvesting in Cybersecurity, on Thursday, August 21 at 11 a.m. PT / 2 p.m. ET. If you have questions about how much cybersecurity is enough, Ian can help.
Topic: Underinvesting in Cybersecurity
Date: Thursday, August 21, 2014
Time: Starts at 11:00 a.m. PT / 2:00 p.m. ET
Length: One hour
Where: Twitter.com – Follow hashtag #DirtyTopics
Expert: Ian McShane, Product Marketing Director, Symantec – @ianmcshane
Stay smart. Stay protected. #GoKnow