A recent research report from Moody’s Investors Service observes that organizations tend to have upped their cybersecurity investments across the board, but that the additional spending is not necessarily leading to better outcomes or more thorough defensive perimeters.
Organizations are almost universally onboarding basic cybersecurity defenses and over half now hold cyber insurance, but spending on “advanced” and “robust” defensive solutions continues to lag. 93% of organizations now have a dedicated cybersecurity manager in place, but the frequency and depth of their interaction varies greatly between companies.
“Basic” cybersecurity investment up, companies still hesitant to spend on “robust” systems
Cybersecurity governance appears to be on the upswing along with general spending, with the majority of organizations now having security management and executives directly interface about IT defenses and remediation plans. However, there are some shortfalls in this arrangement. Communication is better in some organizations than in others, and in many cases stakeholders are being cut out of the loop with cyber episodes reported to boards of directors twice as…
