Many organizations no longer view cybersecurity as a barrier to change, nor as an IT cost. PwC conducted an information security survey 2017 that found there is a distinct shift in how organizations view cybersecurity. According to the survey, 59% of respondents said they have increased cybersecurity spending as a result of digitization of their business ecosystem. In this process, organizations not only create products, but also deliver complementary software-based services for products that extend opportunities for customer engagement and growth.
The survey also found that the majority of organizations run IT services in the cloud. Could models gain more trust and usage at present. Organizations are also embracing both managed security services and open-source software to enhance cybersecurity capabilities. More than half (53%) of respondent employ open-source software and 62% of respondents say they use managed security services for cybersecurity and privacy.
Link: http://www.infosecurity-magazine.com/news/pwc-security-is-no-longer-an-it/
Better late than never. This is encouraging to see big companies like PwC finally realizes that cyber security should be an embedded element of their business. With 59% of organizations that participated in PwC’s information survey said they have increased cyber security spending as a result of digitization of their business ecosystem, slowly but surely this will increasingly become a problem against hacking attacks and render attackers’ jobs more difficult.