When it comes to security, with a special focus on cybersecurity, there are haves and the have-nots. The drab state of security in organisations is worth giving a second thought these days. As we begin to transition deeply in the use of new technologies — the cloud, mobile, social, IoT and with attack vectors increasing on these new surfaces, it’s imperative that organisations establish a baseline to protect themselves from attacks at the most basic of levels. Over the past years, research has made it very experient that the bigger the bottom-line/revenue of an organisation the more they will be willing to budget for cybersecurity.
The cybersecurity poverty line is widening and malicious actors have taken advantage of this gaping hole to unleash persistent attacks and it goes underreported. Nigeria lost tens of millions of Dollars to cybercrime in 2016. Cumulatively, cybercrime damages in 2017 across the world are in excess of US$2 trillion. There’s something abundantly clear when you look at the statistics over the years, most organisations — both private and public underinvest in cybersecurity. Institutions providing oversight and law enforcement are already submerged with cases and when you look at it holistically, they lack the manpower with the right mix of intellectual heft to ameliorate these concerns.Read More »