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Incident response spend up as firms recognise cyber attacks are inevitable

Source: National Cyber Security – Produced By Gregory Evans

European firms are shifting their cyber security investment from traditional prevention and protection to detection and response capabilities, a study has revealed. The shift in spending is due to a realisation that cyber attacks are inevitable, according to the study by analysis and consultancy firm Pierre Audoin Consultants (PAC). But the study shows this shift is overdue, with nearly 40% of respondents admitting they have no incident response (IR) plan in place, and only 30% of those with IR plans test and update them regularly. The study, sponsored by FireEye, HP, Telefonica and Resilient Systems, polled 200 people from companies with more than 1,000 employees in the UK, France and Germany, which together account for 60% of the western European cyber security market. The study showed that firms still spend 77% of their security budgets on a traditional prevent-and-protect approach using endpoint security products and firewalls. But researchers revealed that security investments are moving towards the post-breach detect-and-respond capability. They expect spending on this approach to increase from 23% of security budgets to 39% in the next two years. PAC researchers ascribe this trend to the growing number of cyber security breaches, with 67% of respondents reporting their firm experienced […]

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Bulgarian hacker on the run for 10 years will spend next 30 months in prison in N.J. cybercrime case

Bulgarian hacker on the run for 10 years will spend next 30 months in prison in N.J. cybercrime case



After a decade on the run, a Bulgarian national tied to a worldwide cybercrime ring responsible for racking up millions in unauthorized bank charges was sentenced today to 30 months in prison. Aleksi Kolarov, 32, who pleaded guilty to identify […]

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Coast Guard will spend millions for Sandy-related emergency supplies without ‘full and open competition’

Jacob Goodwin Top Priority Sector:  disaster_preparedness_emergency_response Due to the urgent need for food, shelter and other services in the Northeast in the wake of Hurricane Sandy, the U.S. Coast Guard has authorized the procurement of as much as $30 million worth of mortuary services, construction, bottled water, trailers, food services and shelter from a group […]

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ASIS 2012: Napolitano calls on industry to spend more on cyber preparedness

Jacob Goodwin Top Priority Sector:  cyber_security Image Caption:  DHS SecretaryJanet Napolitano When DHS Secretary Janet Napolitano received the 2012 CSO Roundtable’s “Leadership and Security Award” and addressed a luncheon crowd at the ASIS show in Philadelphia on September 10, the not-so-subtle message she seemed to deliver was this: I’m telling you the cyber-threat is real, […]

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ProtectMyID: U.S. consumers will spend about $700 this holiday season. Make sure identity thieves don’t increase that amount. http://t.co/TfQom9SG

ProtectMyID: U.S. consumers will spend about $700 this holiday season. Make sure identity thieves don’t increase that amount. http://t.co/TfQom9SG

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LIGATT: There is only one success–to be able to spend your life in your own way. Christopher Morley

LIGATT: There is only one success–to be able to spend your life in your own way.
Christopher Morley

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