access management – РИСК-АКАДЕМИЯ – АНО ДПО ИСАР

After Covid-19, security goes back to basics

riskacademy — Tue, 10 Nov 2020 11:52:45 +0000

The Covid-19 coronavirus pandemic has highlighted fundamental gaps and failings in organisational attitudes to cyber security, with the result that security projects are receiving increased attention and budget across the board, according to the latest, updated edition of the TechTarget/Computer Weekly IT Priorities 2020 survey.

At the beginning of 2020, risk management and compliance were seen as the top spending priorities for CISOs, and while this remains a key area of focus, much has changed.

According to the new data, which was compiled in September and October 2020, with two exceptions, the most widespread IT projects all related to security and data protection, with end-user security training, governance, risk and compliance tools, and multifactor authentication the top current projects.

CIOs are also focusing heavily on vulnerability management, fraud detection systems and tools, identity and access management (IAM), and disaster recovery.

A total of 77% of respondents said investment in security and risk management was easier to justify since the pandemic began – while 71% said the same of backup and disaster recovery solutions – and the data clearly shows…

Pandemic accelerating security at financial institutions

riskacademy — Mon, 03 Aug 2020 23:07:01 +0000

Prior to the pandemic, financial institutions spent an average $2,700 on cybersecurity per full-time employee, up from $2,300 the previous year ), with COVID-19 now driving the need for companies to doubledown on cybersecurity going forward, according to a study from Deloitte’s cyber risk ad strategic risk services group in conjunction with the Financial Services Information Sharing and Analysis Center (FS-ISAC).

The allocation represents more than a tenth of organizations’ IT budgets, increasing slightly to 10.9 percent, up from 10.1 percent, according to data that was collected from 53 institutions late last year through January.

The third annual report from Deloitte and FS-ISAC also found that more than half of the spending went collectively to cyber monitoring and operations, endpoint and network security, and identity and access management.

COVID-19 has resulted in vast challenges for the financial sector’s cybersecurity challenges, the study noted.

“Looking ahead, given the tough macroeconomic conditions arising from the COVID-19 pandemic, many companies will likely be taking a hard look at whether they need to cut expenses across the board,”…