By Clement Teo, Principal Analyst, Ovum
Security is top of mind for enterprises today, and increasingly, at their board level. As the digital economy become pervasive, high-profile cyber attacks on large enterprises such as Sony and Bangladesh Bank have demonstrated how damaging a security breach is.
Ovum estimates that spending on Cyber Security protection this year by businesses will exceed $37bn alone. In Asia Pacific, firms are estimated to shell out $6.8bn in 2016, with related services spend estimated at 5x more.
A Quick Guide to Assessing Security Readiness
As cyber security concerns become more prevalent, the key is to secure critical enterprise data based on business priorities. CIOs and CISOs should ask themselves:
Enterprises must seek to: