Why Security Matters Now

Social networking and cloud computing threats abound, our annual Global Information Security Survey finds, making information security important once again to business leaders.

Today's most compelling technologies are giving you the biggest security headaches. Social networking sites such as Twitter, Facebook and LinkedIn enhance collaboration and help your company connect with customers, but they also make it easier than ever for your employees to share customer data and company secrets with outsiders.

Virtualization and cloud computing let you simplify your physical IT infrastructure and cut overhead costs, but you've only just begun to see the security risks involved. Putting more of your infrastructure in the cloud has left you vulnerable to hackers who have redoubled efforts to launch denial-of-service attacks against the likes of Google, Yahoo and other Internet-based service providers. A massive Google outage earlier this year illustrates the kind of disruptions cloud-dependent businesses can suffer.

But there's also good news. Even though the worst economic recession in decades has compelled you to spend less on outsourced security services and do more in-house, your security budget is holding steady. And more of you are employing a chief security officer.

Such are the big takeaways from the seventh-annual Global Information Security survey, which CIO and CSO magazines conducted with PricewaterhouseCoopers earlier this year. Nearly 7,300 business and technology executives worldwide responded from a variety of industries, including government, health care, financial services and retail.

See the complete survey results here.

Check out how we got the numbers.

These trends are shaping your information security agenda. "Every company worries about protecting their data, especially their client data," says Charles Beard, CIO at Science Applications International Corp. (SAIC). "Under the old business model, everyone had to get together in the same building in the same geographical area. Now everyone is using the Internet and mobile devices to work with each other. That's where we see the promise of things like social networking. The flip side is we're exposed to the dark side of cyberspace. Adoption of this technology is well ahead of efforts to properly secure and govern it."

Read on to learn what we found.

Top IT Security Priorities

New investments are focused on protecting data, authenticating users

1. Biometrics

2. Web content filters

3. Data leakage prevention

4. Disposable passwords/smart cards/tokens

5. Reduced or single-sign-on software

6. Voice-over-IP security

7. Web 2.0 security

8. Identity management

9. Encryption of removable media

Join the CSO newsletter!

Error: Please check your email address.

Tags Global Information Security SurveysecurityPricewaterhouseCoopers

More about Adobe SystemsAtmos EnergyBillBlackBerryBT AustralasiaCERT AustraliaCiscoCiscoComcast CableComputer Emergency Response TeamCounterpaneFacebookGartnerGoogleIBM AustraliaIBM AustraliaInternet Security SystemsMicrosoftOraclePricewaterhouseCoopersPromiseResearch In MotionSalesforce.comScience Applications InternationalSecurity SystemsVerizonVerizonYahoo

Show Comments

Featured Whitepapers

Editor's Recommendations

Solution Centres

Stories by Bill Brenner

Latest Videos

  • 150x50

    CSO Webinar: Will your data protection strategy be enough when disaster strikes?

    Speakers: - Paul O’Connor, Engagement leader - Performance Audit Group, Victorian Auditor-General’s Office (VAGO) - Nigel Phair, Managing Director, Centre for Internet Safety - Joshua Stenhouse, Technical Evangelist, Zerto - Anthony Caruana, CSO MC & Moderator

    Play Video

  • 150x50

    CSO Webinar: The Human Factor - Your people are your biggest security weakness

    ​Speakers: David Lacey, Researcher and former CISO Royal Mail David Turner - Global Risk Management Expert Mark Guntrip - Group Manager, Email Protection, Proofpoint

    Play Video

  • 150x50

    CSO Webinar: Current ransomware defences are failing – but machine learning can drive a more proactive solution

    Speakers • Ty Miller, Director, Threat Intelligence • Mark Gregory, Leader, Network Engineering Research Group, RMIT • Jeff Lanza, Retired FBI Agent (USA) • Andy Solterbeck, VP Asia Pacific, Cylance • David Braue, CSO MC/Moderator What to expect: ​Hear from industry experts on the local and global ransomware threat landscape. Explore a new approach to dealing with ransomware using machine-learning techniques and by thinking about the problem in a fundamentally different way. Apply techniques for gathering insight into ransomware behaviour and find out what elements must go into a truly effective ransomware defence. Get a first-hand look at how ransomware actually works in practice, and how machine-learning techniques can pick up on its activities long before your employees do.

    Play Video

  • 150x50

    CSO Webinar: Get real about metadata to avoid a false sense of security

    Speakers: • Anthony Caruana – CSO MC and moderator • Ian Farquhar, Worldwide Virtual Security Team Lead, Gigamon • John Lindsay, Former CTO, iiNet • Skeeve Stevens, Futurist, Future Sumo • David Vaile - Vice chair of APF, Co-Convenor of the Cyberspace Law And Policy Community, UNSW Law Faculty This webinar covers: - A 101 on metadata - what it is and how to use it - Insight into a typical attack, what happens and what we would find when looking into the metadata - How to collect metadata, use this to detect attacks and get greater insight into how you can use this to protect your organisation - Learn how much raw data and metadata to retain and how long for - Get a reality check on how you're using your metadata and if this is enough to secure your organisation

    Play Video

  • 150x50

    CSO Webinar: How banking trojans work and how you can stop them

    CSO Webinar: How banking trojans work and how you can stop them Featuring: • John Baird, Director of Global Technology Production, Deutsche Bank • Samantha Macleod, GM Cyber Security, ME Bank • Sherrod DeGrippo, Director of Emerging Threats, Proofpoint (USA)

    Play Video

More videos

Blog Posts

Market Place