Are boards getting the advice they need?
By (ISC)² | Published 11:21, 06 October 14PwC’s Global State of Information Security Survey contains a number of striking points, starting with the disconnect between the board and security teams in businesses across the globe.
Security is now one of the biggest challenges that businesses face. Executives voice increasing concern around security and data privacy, yet spending in this area remains flat. According to PwC, global information security budgets decreased 4 percent from 2013 and have stalled at 4 percent or less of IT budgets for the past five years.
I wonder whether this disconnect between concern and budget is because business executives aren’t getting the advice they need to make the right calls on what and where to invest. It’s noticeable that the spending priorities of CISO referenced in the report are mainly security tools – perhaps this money could be better invested elsewhere.
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