SecurityBrief Asia logo
Asia's leading source of cybersecurity and cyber-attack news
Story image

Cisco CISO survey reveals mixed news for cybersecurity

By Ben Moore
Fri 1 Mar 2019
FYI, this story is more than a year old

Cisco has published its fifth annual 2019 CISO Benchmark Study a comprehensive survey of more than 3000 security leaders across 18 countries. 

This year’s results show security professionals are placing a higher priority on vendor consolidation, collaboration between networking and security teams, and security awareness exercises to strengthen an organisations security posture and reduce the risk of breaches. 

To further address complexity challenges, many CISOs are increasingly confident that migrating to the cloud will improve protection efforts, while apparently decreasing reliance on less proven technologies such as artificial intelligence (AI). 

Complex security environments made up of solutions from 10 or more security vendors could be hampering security professional’s visibility across their environments. 

65% of respondents do not find it easy to determine the scope of a compromise, contain it and remediate from exploits. 

The unknown threats that exist outside the enterprise in the form of users, data, devices, and apps is also a top concern for CISOs. 

To help address these challenges, and better protect their organisations, of those surveyed:  

  • 44% have increased investment in security defence technologies.
  • 39% have security awareness training among employees.
  • 39% focused on implementing risk mitigation techniques.

Survey respondents also noted the continued high financial impact of breaches. 

45% of respondents reported the financial impact of a breach to their organisation was more than $500,000. 

The good news is that more than 50% of respondents are driving breach costs below half a million. 

But there remains a stubborn 8% claiming an eye-watering cost of more than $5 million per incident for their most significant breach of the past year. 

“This year, more than ever CISOs are taking a much more proactive role in reducing their exposure through consolidation and training, as well as investments in critical technologies, for cyber defence and breach containment, but there is still more to do,” says Cisco CISO and senior vice president Steve Martino.

“You can’t protect what you can’t see, and security leaders are still struggling to gain greater visibility across their organisation and into threats. Cisco is committed to helping organisations address these challenges and implement new techniques and technology to stay one step ahead of malicious actors and threats.” 

The following findings highlight some of these positive developments security professionals have made to improve their security posture:

The trend away from point products to vendor consolidation continues - in 2017 54% of respondents cited 10 or fewer vendors in their environment. This number has risen to 63%.

The survey showed that even those CISOs with fewer point solutions could better manage their alerts through an enterprise architecture approach. 

There is more confidence in cloud-delivered security and in securing the cloud.

  • 93% of CISOs reported that migrating to the cloud increased efficiency and effectiveness for their teams.
  • The perception of the difficulty of protecting cloud infrastructure has decreased - 52% in 2019 compared to 55% in 2017.

AI and machine learning (ML), used right, are essential to the initial stages of alert prioritisation and management. 

However, reliance on these technologies has decreased as respondents possibly perceive the tools to be still in their infancy or not ready for prime time:  

  • Reliance on ML is down to 67% in 2019 compared to 77% in 2018.
  • AI is down to 66% compared to 74% in 2018.
  • Automation is down to 75% compared to 83% in 2018.

Employees/users continue to be one of the greatest protection challenges for many CISOs - having an organisational process that starts with security awareness training on day one is essential.

  • Only 51% rate themselves as doing an excellent job of managing employee security via comprehensive onboarding and processes for transfers and departures.

Email security remains the number one threat vector.

  • Phishing and risky user behaviour (e.g. clicking malicious links in email or websites) remains high and is the top concern for CISOs. The perception of this risk has held steady for the past three years between 56 to 57% of respondents.

Recommendations for CISOs:

  • Base security budgeting on measured security outcomes with practical strategies coupled with cyber insurance and risk assessments to guide your procurement, strategy, and management decisions.  
  • There are proven processes that organisations can employ to reduce their exposure and extent of breaches. Prepare with drills; employ rigorous investigative methods; and know the most expedient methods of recovery.  
  • The only way to understand the underlying security needs of a business case is to collaborate across siloes – between IT, Networking, Security and Risk/Compliance groups.  
  • Orchestrate response to incidents across disparate tools to move from detection to response faster and with less manual coordination.  
  • Combine threat detection with access protection to address insider threat and align with a program like Zero Trust.  
  • Address the number one threat vector with phishing training, multi-factor authentication, advanced spam filtering and DMARC to defend against Business Email Compromise.
Related stories
Top stories
Story image
Tech job moves
Tech job moves - Bitdefender, Cohesity, Fortinet & MODIFI
We round up all job appointments from June 27-30, 2022, in one place to keep you updated with the latest from across the tech industries.
Story image
Artificial Intelligence
Juniper study reveals top AI trends in APAC region
Juniper's research shows an increase in enterprise artificial intelligence adoption over the last 12 months is yielding tangible benefits to organisations.
Story image
Research
New study reveals 51% of employees using unauthorised apps
The research shows that 92% of employees and managers in large enterprises want full control over applications, but they don't have it.
Story image
Cyber Criminal
Identity and access: the fight is on
Blue team defenders are used to protecting our data, applications, and users with access controls and other security mechanisms, which is why attacks like this are especially challenging when they target identity and access control systems.
Story image
Oracle Cloud
Commvault, Oracle to deliver Metallic Data Management as a Service
"We are excited to partner with Commvault and enable our customers to restore and recover their most mission-critical cloud data."
Story image
Artificial Intelligence
Abnormal Security finds financial supply chain under threat
New research by Abnormal Security has found a rising trend in financial supply chain compromise as threat actors increasingly impersonate vendors.
Story image
Tech job moves
Tech job moves - ActiveCampaign, Arcserve, LogRhythm & Qlik
We round up all job appointments from June 17-22, 2022, in one place to keep you updated with the latest from across the tech industries.
Story image
Gartner
Gartner's top recommendations for security leaders
"Leaders now recognise that major disruption is only one crisis away. We can’t control it, but we can evolve our thinking, philosophy, program and architecture.”
Story image
API
Industry-first comprehensive risk-based API security enhances protection
Application Programming Interfaces (APIs) have become a crucial part of operating web and mobile application businesses and are causing significant economic growth in the digital sector.
Story image
DDoS
Flashpoint unveils security offering for school boards
Flashpoint has released its K-12 risk management and security offering to provide school boards and education security practitioners with tools to recognise, prevent and manage cyber and physical threats.
Story image
Cybersecurity
Greater API usage raises concerns for protection - report
Radware has released its 2022 State of API Security report, which shows a rise in APIs, with 92% of the organisations surveyed significantly or somewhat increasing their usage.
SonicWall
Find out how you and your business can prevent being caught out by everything from ransomware to cryptojacking.
Link image
Story image
Cybersecurity
Video: 10 Minute IT Jams - An update from CrowdStrike
Scott Jarkoff joins us today to discuss current trends in the cyber threat landscape, and the reporting work CrowdStrike is doing to prevent further cyber harm.
Story image
Motorola Solutions
Motorola Solutions deploys communication system to 5th Japanese airport
Motorola Solutions with its partner, Nippon Airport Radio Services deployed the mission critical communication system to Kansai.
Story image
Cybersecurity
Zero trust security adoption rises 27% in just two years
A survey of WAN managers has revealed that multi-factor authentication and single sign-on are the top zero trust features implemented.
Story image
INTERPOL
Hundreds arrested, millions seized in global INTERPOL investigation
A two-month-long investigation by INTERPOL this year involved 76 countries and clamped down on organised crime groups behind telecommunications and social engineering scams.
Story image
Internet of Things
ManageEngine wins big in IDC MarketScape assessment
ManageEngine's Endpoint Central service has been recognised as a leader by IDC MarketScape in several categories including Internet of Things device deployments and UEM software for SMEs.
Story image
Ransomware
Secureworks reveals new information on BRONZE STARLIGHT threat group
New research from Secureworks has uncovered new information on the Chinese threat group BRONZE STARLIGHT and how they are using targeted ransomware to initiate complicated attacks.
Story image
HP Inc
Firmware attacks significant threat in age of hybrid work
Changing workforce dynamics are creating new challenges for IT teams around firmware security, according to new research.
Story image
Collaboration
IT and security team collaboration crucial to data security
Many IT and security decision makers are not collaborating as effectively as possible to address growing cyber threats.
Story image
10 Minute IT Jams
Video: 10 Minute IT Jams - An update from Rimini Street
Today we welcome back Daniel Benad, who is the GVP & regional GM for Oceania at Rimini Street.
Story image
Tech job moves
Tech job moves - Boomi, Limepay, Thales, VMware & Zoom
We round up all job appointments from June 6-16, 2022, in one place to keep you updated with the latest from across the tech industries.
Story image
Digital Transformation
Cybersecurity priorities for digital leaders navigating digital transformation
In recent years, Asia-Pacific has especially been a hotspot for cyberattacks, and as we continue into 2022, it’s evident that the problem is becoming more significant.
Story image
Manufacturing
Sternum joins NXP, collaborates on IoT security and observability
Sternum has announced it has joined the software partner community of NXP Semiconductors, a manufacturer of and large marketplace for embedded controllers.
Story image
Yubico
New research shows global drive for passwordless authentication
A new study has shown there has been a significant shift towards wanting a passwordless future, but adoption is still in its infancy.
Story image
Infosys
Preparing for the digital decade with the right workforce strategies
For a decade that started under the pall of the pandemic, the 2020s is poised to end with a bang with the digital economy swelling to a high across the world.
Story image
WatchGuard Technologies
Ransomware volume doubled 2021 total by end of Q1 2022
Ransomware detections in the first quarter of this year doubled the total volume reported for 2021, according to a new report. 
Story image
Trend Micro
5G network projects driven by improving security and privacy
Trend Micro's new study reveals the prospect of improved security and privacy capabilities are the main motivations behind private 5G wireless network projects.
Story image
Vendor
Forescout reveals top vulnerabilities impacting OT vendors
Forescout’s Vedere Labs has disclosed OT: ICEFALL, naming 56 vulnerabilities affecting devices from 10 operational technology vendors.
Story image
Amazon Web Services / AWS
Zscaler, AWS accelerate onramp to the cloud with zero trust
Zscaler has announced an extension to its relationship with Amazon Web Services, as well as innovations built on Zscaler's Zero Trust architecture.
Story image
Cybersecurity
Vulnerable APIs costing businesses billions every year
Large companies are particularly vulnerable to the security risks associated with exposed or unprotected APIs as they accelerate digital transformation.  
Story image
Identity and Access Management
Ping Identity launches corporate venture capital fund
Ping Identity has launched a corporate venture capital fund to foster innovative offerings for the identity security market.
Story image
Secure access service edge / SASE
Cloudflare adds new capabilities to zero trust SASE platform
New features for Cloudflare One include email security protection, data loss prevention tools, cloud access security broker, and private network discovery.
Story image
Compliance
Stock security features inadequate in face of rising risk
"Organisations must proactively find ways of identifying unseen vulnerabilities and should take a diligent, holistic approach to cybersecurity."
Story image
Cybersecurity
Aqua Security, CIS create software supply chain security guide
Aqua Securityand the Center for Internet Security have together released the industry’s first formal guidelines for software supply chain security.
Story image
Digital Transformation
What CISOs think about cyber security, visibility and cloud
Seeking to uncover the minds of CISOs and CIOs across Asia Pacific, my company recently asked Frost & Sullivan to take a snapshot of cloud adoption behaviour in the region.
Story image
Apple
LastPass announces new capability for iPhones and iPads
LastPass has announced its new save and fill experience, allowing customers to fill in, create and save their credentials directly within the site's form field.
Story image
Network Security
Netskope announces zero trust network access updates
Customers can now apply zero trust principles across a range of hybrid work security needs, including SaaS, IaaS, private applications, and endpoint devices.
Story image
Cybersecurity
Threat actors ramp up their social engineering attacks
As people get better at identifying potential threats in their inbox, threat actors must evolve their methods. Their new M.O? Social engineering.
Story image
Cybersecurity
Kaspersky opens three new centers to boost data management
Cybersecurity company Kaspersky has opened three new Transparency Centers, one in Japan, the second in Singapore and the third in the United States.
Story image
Ransomware
Rapid7 report examines use of double extortion ransomware attacks
New insight into how attackers think when carrying out cyber attacks, along with further analysis of the disclosure layer of double extortion ransomware attacks, has come to light.
Story image
Cybersecurity
FIDO Alliance releases guidelines for optimising UX with FIDO Security Keys
The new guidelines aim to accelerate multi-factor authentication deployment and adoption with FIDO security keys.
Story image
Internet of Things
Domino's Pizza: A blueprint for secure enterprise IoT deployment
Increasingly, organisations are embracing smart technologies to underpin innovations that can enhance safety and productivity in every part of our lives, from industrial systems, utilities, and building management to various forms of business enablement.
Story image
SaaS
Varonis strengthens security capabilities for AWS and S3
Varonis has strengthened and expanded its cloud and security capabilities, with a critical aim of improving safety and boosting data visibility in Amazon Simple Storage Service (S3).