Most organizations understand that properly securing their IT infrastructure will take a large capital investment, but the money will be worth it because business-critical data and assets will be protected. However, recent research suggests that the majority of money being spent on cybersecurity tools may not actually be making enterprises any safer.
An in-depth report released by Juniper and the non-profit RAND Corporation found that CISOs are facing a “chaotic and confusing landscape” when making decisions about the most efficient and cost-effective way to manage the cyberthreats facing their organizations. According to Juniper, the research indicates a troubling trend of companies spending ever-increasing amounts of money on network defense strategies despite not being “confident that these investments are making their infrastructure secure.”
Sherry Ryan, chief information security officer at Juniper, explained that the disparity is due to a lack of calculations that consider the cost of security tools and the potential cost of a breach.
“The security industry has struggled to understand the dynamics that influence the true cost of security risks to business,” said Ryan. “What’s clear is that in order for organizations to turn the table on attackers, they need to orient their thinking and investments toward managing risks in addition to threats.”
Making the most of security investments
According to RAND’s projections, the cost of managing cybersecurity risk for businesses is going to increase nearly 40 percent over the next 10 years. In order for organizations to make the most of their security investments, they should implement tools that offer the highest return on investment and do more than one job at a time.
Large scale attacks against enterprise networks are only going to become more common in the future, so it’s important that companies implement a reliable defense strategy to protect against any possible threats they may be facing. Utilizing a endpoint layered security approach is one of the best ways to ensure that all endpoints are protected and a variety of attack methods can be defended against. Layered security utilizes multiple forms of protection simultaneously to keep hackers at bay, a strategy that is especially beneficial to organizations with large amounts of sensitive information as it will protect records at all possible endpoints. Solutions like Faronics Anti-Virus offers traditional firewall protection, as well as Anti-Spyware, Anti-Rootkit, Anti-Virus and Web filtering.