Survey reveals how CISOs are shifting priorities and security strategies to manage increasingly advanced threats with limited resources
Sunnyvale, CA (Sept. 17, 2019) – Fortinet®, a global leader in broad, integrated and automated cybersecurity solutions, has released a report it commissioned from Forbes Insights, titled Making Tough Choices: How CISOs Manage Escalating Threats and Limited Resources. The global survey polled Chief Information Security Officers (CISOs) across various industries about the biggest challenges they’re facing and strategies they’re putting in place to address these obstacles.
The survey found that 84 percent of CISOs believe the risks of cyber attacks will increase and almost a quarter believe the capabilities of attackers are outpacing their ability to defend their organization. This issue is compounded with limited resources, including lack of sufficient budget and skilled professionals as well as a threat attack surface that is quickly expanding and becoming more sophisticated. Because of this, security leaders understand it is critical to have the right strategies in place as they face an arms race between the capabilities of attackers and their own defense postures.
“The Forbes Insights survey echoes the primary challenges we hear directly from Fortinet customers and prospects. Today’s CISOs are tasked with the challenge of allocating limited funds and resources to the highest-return cybersecurity projects which can range from breach detection to response. These C-level security leaders must maximize security with finite resources, all while balancing strategic leadership responsibilities and tactical issues. Through the Fortinet Security Fabric, Fortinet is providing end-to-end security so that CISOs can navigate a rapidly changing cyber threat landscape day in and day out,” said John Maddison, EVP of products at Fortinet.
Other key takeaways from the Forbes Insights report include:
- CISOs are increasingly implementing AI technologies to cybersecurity. Forty-eight percent of security leaders are focused on seamlessly integrating security into their network operations and 45 percent are shifting and changing their cybersecurity strategy toward advanced analytics for greater visibility into their environments. AI, like machine learning, and analytics relieves IT teams time away from monotonous tasks, so they can focus on business-critical tasks such as identifying anomalous behavior in their networks and responding to threats quickly.
- CISOs would like to allocate more of their budget to detection and response. According to the survey, security leaders are currently allocating an average if 36 percent of their security budget on response. However, in an ideal world, they would shift their resources from prevention to bolster detection and response. The survey found they’d increase response to be 40 percent of their budget.
- Cybersecurity training and education for employees is key. The Forbes Insights survey found that CISOs believe talent and training constraints have a significant impact on their organizations. As a result, CISOs are paying more attention to educating their own employees on best practices and building cybersecurity awareness in order to prevent and reduce internal threats.
- CISO are constrained by the lack of an adequate budget. While threats are expanding, CISOs find that their resources, including budget, remain limited. A third of CISOs surveyed in the report felt that the lack of an adequate budget is having a significant impact on their cybersecurity program.
- A top priority for CISOs is safeguarding customer data and intellectual property. More than a third of respondents said protecting their organization’s brand is top of mind. More than 36 percent of CISOs selected customer data as the highest priority for protection. A majority of respondents also shared they are focusing on protecting intellectual property as one of the most important assets in their care, which they believe is another core target of most malicious actors.
Access the Full Report:
- Learn more about FortiGuard Labs and the FortiGuard Security Services portfolio.
- Learn more about the FortiGuard Security Rating Service, which provides security audits and best practices.
- Read more about Fortinet’s Network Security Expert program , Network Security Academy program, and the FortiVets program.
- Read more about the Fortinet Security Fabric.
- Follow Fortinet on Twitter, LinkedIn, Facebook, YouTube, and Instagram.
Fortinet (NASDAQ: FTNT) secures the largest enterprise, service provider, and government organizations around the world. Fortinet empowers its customers with intelligent, seamless protection across the expanding attack surface and the power to take on ever-increasing performance requirements of the borderless network – today and into the future. Only the Fortinet Security Fabric architecture can deliver security features without compromise to address the most critical security challenges, whether in networked, application, cloud or mobile environments. Fortinet ranks #1 in the most security appliances shipped worldwide and more than 400,000 customers trust Fortinet to protect their businesses. Learn more at www.fortinet.com, the Fortinet Blog, or FortiGuard Labs.
Copyright © 2019 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet is a trademark of Fortinet, Inc.
Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments. This news release may contain forward-looking statements that involve uncertainties and assumptions, such as statements regarding technology releases among others. Changes of circumstances, product release delays, or other risks as stated in our filings with the Securities and Exchange Commission, located at www.sec.gov, may cause results to differ materially from those expressed or implied in this press release. If the uncertainties materialize or the assumptions prove incorrect, results may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Fortinet assumes no obligation to update any forward-looking statements, and expressly disclaims any obligation to update these forward-looking statements.
SOURCE: FortinetTags: Artificial Intelligence (AI), cyber security, Forbes