Security now top executive priority across all key IT areas: IDC

Australian business executives have become so concerned about data security that the topic has surpassed all other priorities in all four of IDC's key technology pillars, the research firm has found.

IDC conducts regular surveys of C-suite executives to ascertain their investment priorities and concerns in various areas. Yet while security has traditionally ranked high on the list, the latest IDC Continuum Survey marked the first time that security had topped the list in every key technology area.

Those key areas include mobility, big data, cloud, and social business.

“With a fast-evolving landscape and Australia being one of the top target countries for attackers, Australian companies must invest in security to protect their intellectual property and other assets,” said IDC Australia software and security market analyst Lydie Virollet in a statement.

“This investment needs to be strategic and will primarily be targeted at protecting the network and sensitive data through a combination of integrated solutions.”

Australia has climbed the ranks of the most-targeted countries, with recent figures variously proclaiming it the world's biggest target for phishing, the second most-attacked Web target, a growing target for botnet-driven financial attacks, and a growing source of DDoS attacks as well as a target.

Recognising this growing threat profile, IDC has highlighted three key steps for organisations working to take control of their IT security. These include assessing current security solutions – with a particular eye to consolidation, IDC said while noting that most companies have contracts with an average of 40 security vendors.

The second step is to “establish and anchor” a security budget and contingency funds that is sold to senior executives as an ongoing risk management initiative, with risks prioritised to reflect individual industry risk profiles.

Finally, IDC advises, security vendor or services suppliers should be chosen based on their track record in the same vertical, as well as for their risk-management expertise.

Security beat out priorities including mobile applications and consulting services; big-data visualisation and data sources; cloud platforms and on-premise cloud; and social business collaboration and business applications.

“Security is now a boardroom discussion,” IDC said. “In parallel CIOs are reassessing security requirements across technology, people and process – to meet the needs of a borderless enterprise and the increasing value placed on data.”

This article is brought to you by Enex TestLab, content directors for CSO Australia.

Feeling social? Follow us on Twitter and LinkedIn Now!

Join the CSO newsletter!

Error: Please check your email address.

Tags data securityIDCddosLydie Virolletsecurity risksexecutive priorityCSO AustraliaTop priorities Security

More about ContinuumCSOEnex TestLabIDC AustraliaTwitter

Show Comments

Featured Whitepapers

Editor's Recommendations

Solution Centres

Stories by David Braue

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