Security Budgets After WannaCry, NotPetya Attacks

December 22nd, 2017 by admin Leave a reply »

AlienVault conducted survey of 233 IT professionals worldwide. The report shows that only 14 percent increased budgets for cyber security after the WannaCry and NotPetya cyber attacks. Only twenty percent were able to apply changes or implement security projects that had previously been put on hold.

Only 16 percent mentioned that their company leadership and boards took interest in security after the attacks.

“WannaCry and NotPetya are generally believe to have marked a turning point in cyber awareness, but the reality on the ground paints a different picture,” AlienVault security advocate Javvad Malik said in a statement. “Destructive malware poses existential threats to companies across all industries and can no longer be ignored.”

“To improve our cyber resilience, corporate strategy needs to be developed that covers how to plan for, detect, mitigate and recover from such destructive attacks,” Malik added.

“The IT security profession remains a very tough place to work, where resilience is the key to success — particularly if you are blamed in the event of your company suffering a security incident,” Malik said.

Twenty percent said that IT advice is now taken seriously after the attacks.

Another survey conducted by Spiceworks shows that thirty two percent hope to look for another job.

Eight one percent mentioned that its critical to have cyber security expertise.

“Although the majority of IT professionals are satisfied with their jobs, many also believe they should be making more money, and will take the initiative to find an employer who is willing to pay them what they’re worth in 2018,” Spiceworks senior technology analyst Peter Tsai said in a statement.

“Many IT professionals are also motivated to change jobs to advance their skills, particularly in cyber security,” Tsai added. “As data breaches and ransomware outbreaks continue to haunt businesses, IT professionals recognize there is high demand for skilled security professionals now, and in the years to come.”


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