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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