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87% of organisations have an insufficient cyber security budget
Although organizations are devoting more resources to cyber security in order to tackle the growing threat of data breaches, 87% say they don’t have the budget to meet their needs, a new report has found. According to the EY Global Information Security Survey 2018–19, organizations are forced to focus on the fundamentals of defense and neglect more advanced processes. This is a worrying trend, as it could exacerbate the problem in the future. So, how can you address it? Protect the enterprise. The most important part of cyber security is identifying which assets are most important and where they are located. It’s only when you know what needs to be protected that you can build appropriate defense’s in line with your budget. Unfortunately, EY believes that few organizations have a clear picture of this. This isn’t a surprise because, according to the survey, more than half of organizations don’t make protecting their organization an integral part of business operations.
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