Cybersecurity is a Top Priority for CIOs During 2018 IT Budget Planning

Dec 06, 2017 Steve Weaver - Vice President of Sales & Marketing

AdobeStock_41908523.jpegThe high-profile security breaches in 2017 put consumers on edge and forced IT departments to take a careful look at their security policies. These events are not easily forgotten and remain top of mind with CIOs as they plan budgets for 2018. According to a recent special report by ZDNet, budget allocation is indeed shifting in reaction to the onslaught of cybersecurity attacks in 2017. The findings of that report indicate that nearly two-thirds of IT decision makers plan to increase their technology budgets in 2018, with almost 25 percent set to boost their tech spend by at least 10 percent. Over half of the respondents cited cybersecurity as a high priority investment area as seen in the chart below.[1]

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In addition to pouring money into enhanced technology efforts, the survey finds that many organizations plan to emphasize staff training to help mitigate potential security breaches. Unfortunately, the unintentional actions of an employee can open the flood gates for a cyberattack to occur. In fact, Dark Reading estimates that as much as 91 percent of cyberattacks start with an employee opening a phishing email.[2]

Greater Focus on Cybersecurity Detection and Response

The past two years have certainly tested cybersecurity practices worldwide. In addition to the events in 2017, a plethora of Distributed Denial of Service (DDoS) attacks ran rampant in 2016. With each year, hackers become more sophisticated, adding new cyber weapons to their arsenal.

In an attempt to adapt to the ever-persistent efforts of cybercriminals, organizations are reevaluating how they spend security resources. Up until recently, the traditional approach to cybersecurity was to focus the majority of resources on prevention, but in light of the breaches and attacks of the past two years, companies are beginning to split security resources with an increased focus on detection and response. According to an early 2017 Gartner report, worldwide spending on information security is expected to reach $90 billion by the end of 2017 - an increase of 7.6 percent over 2016 - and will top $113 billion by 2020. Spending on enhanced detection and response capabilities is expected to be a key priority for security buyers through 2020.[3]

Multi-tiered Security Is Your Best Bet

365 Data Centers offers a multi-tiered approach to security. Our team of seasoned security professionals is equipped to offer managed security, business continuity and disaster recovery services to help ensure your business has the proper defensive measures in place to ward off cyber predators and cover all aspects of security: prevention, detection and response.

Business Continuity & Disaster Recovery as a Service (DRaaS) - We partner with Zerto to offer Zerto Virtual Replication – a best-of-breed solution that has transformed the disaster recovery landscape by delivering enterprise-class, hypervisor-based replication and customized, thoughtful disaster recovery planning.

Managed Security - Our staff has a proven track record working with organizations that require lockdown security services. We manage and monitor IT infrastructure 24/7 if required and can alleviate the pressure of your company’s security department.

If you’re interested in learning more about 365’s custom security solutions, please contact us today.