Facebook Google Plus Twitter LinkedIn YouTube RSS Menu Search Resource - BlogResource - WebinarResource - ReportResource - Eventicons_066 icons_067icons_068icons_069icons_070

Tenable Blog

Subscribe

The Security Model is Broken, Part 4: Cybersecurity Spending

Many indicators, such as security company earnings and venture capital investments, reveal that security spending has increased in the past couple of years. It also appears that this trend will continue for the next couple of years. Research from IDC, Gartner, Ernst & Young, Ponemon, Computerworld, CEB and others all have uptick indicators for 2014, both in terms of acquiring new technology and increasing the security staff. For example, the IDC Global Technology and Industry Research Organization IT Survey, 2014 found that 63% of organizations increased their cybersecurity spending by an average of 17%. In light of these facts, we have to wonder: is this just a spending bubble or a major structural shift?

The case can be made that historically, cybersecurity expenditures have been grossly underfunded. Why? Because our information systems seem perpetually vulnerable, as the recent Stagefright vulnerability exposing billions of Android phones clearly demonstrate. Also, cyber breaches are now regular occurrences that go unabated. Unfortunately, the most recent example is the massive OPM (U.S. Office of Personnel Management) breach, where an estimated 21.5 million personal records were compromised according to CNN (7/10/15). Every month, every week, every day, we hear about new vulnerabilities and major breaches that affect millions of people worldwide.

A structural shift in cybersecurity spending is not only warranted but required, and it must be sustained well into the foreseeable future

These cyber vulnerabilities and breaches clearly justify the increased spending on cybersecurity that we are seeing, be it for security technology, incident response forensics and services, or expert cybersecurity personnel. Given that the current and the future state of cybersecurity is one of constant vulnerability, we can easily make a case that a structural shift in cybersecurity spending is not only warranted but required, and it must be sustained well into the foreseeable future.

One reason to be concerned that this spending increase is just a bubble is the federal government’s response to the OPM cyber breach. The federal government ordered a 30 day Project Sprint to implement two-factor authentication for privilege accounts. There’s nothing wrong with declaring a sprint to get people’s attention; in fact, it produced very positive results. What is disconcerting, however, is that those controls should have already been in place; and even more to the point, cybersecurity is not a 30-day project but a continuous improvement initiative that requires constant attention as cybersecurity threats change. So, is this spending sprint a bubble or a structural shift for the federal government?

As all these cyber vulnerabilities and breaches indicate, the bottom line is that cybersecurity has been grossly underfunded in the past; we need a structural shift in funding—not sprints—to adequately address the problem now and well into the future.

In my next blog, I’ll be discussing the Internet of Things (IoT).

Related Articles

Are You Vulnerable to the Latest Exploits?

Enter your email to receive the latest cyber exposure alerts in your inbox.

tenable.io

Enjoy full access to a modern, cloud-based vulnerability management platform that enables you to see and track all of your assets with unmatched accuracy.

Your Tenable.io Vulnerability Management trial also includes Tenable Lumin, Tenable.io Web Application Scanning and Tenable.cs Cloud Security.

tenable.io BUY

Enjoy full access to a modern, cloud-based vulnerability management platform that enables you to see and track all of your assets with unmatched accuracy. Purchase your annual subscription today.

65 assets

Choose Your Subscription Option:

Buy Now

Try Nessus Professional Free

FREE FOR 7 DAYS

Nessus® is the most comprehensive vulnerability scanner on the market today. Nessus Professional will help automate the vulnerability scanning process, save time in your compliance cycles and allow you to engage your IT team.

Buy Nessus Professional

Nessus® is the most comprehensive vulnerability scanner on the market today. Nessus Professional will help automate the vulnerability scanning process, save time in your compliance cycles and allow you to engage your IT team.

Buy a multi-year license and save. Add Advanced Support for access to phone, community and chat support 24 hours a day, 365 days a year.

Select Your License

Buy a multi-year license and save.

Add Support and Training

Tenable.io

Enjoy full access to a modern, cloud-based vulnerability management platform that enables you to see and track all of your assets with unmatched accuracy.

Your Tenable.io Vulnerability Management trial also includes Tenable Lumin, Tenable.io Web Application Scanning and Tenable.cs Cloud Security.

Tenable.io BUY

Enjoy full access to a modern, cloud-based vulnerability management platform that enables you to see and track all of your assets with unmatched accuracy. Purchase your annual subscription today.

65 assets

Choose Your Subscription Option:

Buy Now

Try Tenable.io Web Application Scanning

Enjoy full access to our latest web application scanning offering designed for modern applications as part of the Tenable.io platform. Safely scan your entire online portfolio for vulnerabilities with a high degree of accuracy without heavy manual effort or disruption to critical web applications. Sign up now.

Your Tenable Web Application Scanning trial also includes Tenable.io Vulnerability Management, Tenable Lumin and Tenable.cs Cloud Security.

Buy Tenable.io Web Application Scanning

Enjoy full access to a modern, cloud-based vulnerability management platform that enables you to see and track all of your assets with unmatched accuracy. Purchase your annual subscription today.

5 FQDNs

$3,578

Buy Now

Try Tenable.io Container Security

Enjoy full access to the only container security offering integrated into a vulnerability management platform. Monitor container images for vulnerabilities, malware and policy violations. Integrate with continuous integration and continuous deployment (CI/CD) systems to support DevOps practices, strengthen security and support enterprise policy compliance.

Buy Tenable.io Container Security

Tenable.io Container Security seamlessly and securely enables DevOps processes by providing visibility into the security of container images – including vulnerabilities, malware and policy violations – through integration with the build process.

Try Tenable Lumin

Visualize and explore your Cyber Exposure, track risk reduction over time and benchmark against your peers with Tenable Lumin.

Your Tenable Lumin trial also includes Tenable.io Vulnerability Management, Tenable.io Web Application Scanning and Tenable.cs Cloud Security.

Buy Tenable Lumin

Contact a Sales Representative to see how Lumin can help you gain insight across your entire organization and manage cyber risk.

Try Tenable.cs

Enjoy full access to detect and fix cloud infrastructure misconfigurations and view runtime vulnerabilities. Sign up for your free trial now.

Your Tenable.cs Cloud Security trial also includes Tenable.io Vulnerability Management, Tenable Lumin and Tenable.io Web Application Scanning.

Contact a Sales Rep to Buy Tenable.cs

Contact a Sales Representative to learn more about Tenable.cs Cloud Security and see how easy it is to onboard your cloud accounts and get visibility into both cloud misconfigurations and vulnerabilities within minutes.

Try Nessus Expert Free

FREE FOR 7 DAYS

Built for the modern attack surface, Nessus Expert enables you to see more and protect your organization from vulnerabilities from IT to the cloud.

Already have Nessus Professional?
Upgrade to Nessus Expert free for 7 days.

Buy Nessus Expert

Built for the modern attack surface, Nessus Expert enables you to see more and protect your organization from vulnerabilities from IT to the cloud.

Select Your License

Promotional pricing extended until December 31st.
Buy a multi-year license and save more.

Add Support and Training