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posted by martyb on Thursday November 03 2016, @03:58AM   Printer-friendly
from the Helen-Reddy-has-a-song-for-you dept.

Overconfident security execs may be putting their organisations at greater risk, according to new research.

A report by services firm Accenture has revealed that of the 2,000 enterprise security practitioners – representing companies with annual revenues of more than $1bn – three in four were confident in their ability to stop all crooks getting into their systems.

Titled Building Confidence: Facing the Cybersecurity Conundrum (PDF), the report revealed that more than half of security executives admit it can take months to detect sophisticated breaches, and a third of those successful breaches are never discovered at all.

[...] The French spend 9.4 per cent of their total IT budget on security, ahead of the 8.2 per cent global average, while the Australians tend to scrimp by with a mere 7.6 per cent on security, pipped by the Americans at 8 per cent – though ironically it is French, American and Australian companies who are the least confident in their ability to monitor for a breach.

http://www.theregister.co.uk/2016/11/02/survey_finds_75_of_security_execs_believe_they_are_invicible/
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  • (Score: 5, Interesting) by stretch611 on Thursday November 03 2016, @05:20AM

    by stretch611 (6199) on Thursday November 03 2016, @05:20AM (#421933)

    The fact remains that regardless of the impregnability of their computer networks, almost all executive level security experts have a foolproof plan...

    Make sure that they leave said company before any breaches are announced publicly, thereby guaranteeing that their perfect record and future employability (with high dollar golden parachutes) remain intact.

    If somehow this fails due to bad timing and/or legally mandatory notification laws, the option to blame it on your predecessor still exists, with the added perk that while blaming your predecessor, you can say that the security procedures that you implemented were the sole reason why your "predecessor's" security fumble was found at all.

    --
    Now with 5 covid vaccine shots/boosters altering my DNA :P
    Starting Score:    1  point
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