CyberNews Briefs

What differentiates the strongest cybersecurity programs from the rest

New research by Deloitte and the Financial Services Information Sharing and Analysis Center (FS-ISAC) highlights three key traits of successful cybersecurity programs, namely:

  1. Support and involvement of executives and the board.
  2. Treating cybersecurity and IT as separate departments of equal standing.
  3. Tying cyber risk management strategy to business strategy.

The research also shows that financial services firms devote between 6% and 14% of their IT budget to cybersecurity, which comes down to between 0.2% to 0.9% of company revenue. While larger firms tend to prioritize identity and access management, smaller organizations usually spend more to protect their networks and endpoints.

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OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.