If executive teams continually lose sight of the risks involved, then perhaps a lack of management reporting is to blame? We all know that Human error is one of the main causes of a breach, but a lack of continued management activity also plays a big part in why your customer might not be winning. Your customer is still the biggest gap in their own Security To eliminate the risk of data breaches right from the outset, customers are turning to data classification solutions as a way to ensure that your valuable information is not distributed inappropriately. Vendors such as Boldon James help customers to identify the context as well as content of data- to model and understand the impact of loss, way before the breach itself. That might have something to do with increased regulation such as the GDPR, which forced customers to understand the severity of losing different types of data and modelling risk Is it a customer privacy breach or does it impact the fundamental systems required to run the business, as we saw in the Norsk Hydro breach? In our view, customers have a better understanding of the risks involved with data breaches. A better correlation between data and risk On the flip-side, according to the same report, three in in ten businesses won’t spend on cyber security this year – let’s look at what’s working well and what problems we still need to fix, in order for investment to grow. Security breaches really do expose the good, the bad and the ugly sides of IT Security within an organisation. Is the market still motivated to invest time and budget into security projects, or is it resigned to a more reactive approach in the future?Įnterprise customers are spending an average of £277,000 on IT Security in 2019 (UK Government Cyber Breaches Survey 2019). They know, probably more than most, that the source and types of threat continue to change on a daily basis and these investments are to try and keep them ahead of the attackers.