Connecting to LinkedIn...



Despite spending, businesses still risk cyber breaches

24/08/2016 by Usha Tyagi


Over the past few years, the issue of cybersecurity has become increasingly important as the number of attacks rises. In 2015, over $75 billion was spent by private sector companies around the world on security solutions aimed at protecting data and systems. Analyst firm Gartner said that this is set to continue growing by about 7% per annum. However, despite this spending, many companies continue to remain at risk.

Although a lot of time and money has been invested by companies to shore up their defences and put safeguards in place, it’s largely recognised that firms are still not completely safe from hacks. This isn’t because security solutions are not effective, however; it’s because cyber criminals have become increasingly sophisticated in their attacks, resulting in data breaches soaring over the past couple of years. Ransomware is one of the worst problems, with thieves holding sensitive data hostage until they receive payment.

A number of analysts suggest that because thieves are getting smarter, it’s more challenging than ever to completely protect a firm’s network. Many businesses are yet to deploy analytical solutions to detect possible breaches. Meanwhile, the emergence of cloud computing now means that much sensitive data is held virtually rather than on a more secure central data centre. In addition, company employees aren’t always aware of the complexities involved and, as such, do not properly monitor security software.

Gartner Analyst Avivah Litan said: “Companies are worse off by 100% [with cybersecurity] compared to 10 years ago because the world is more complicated now. We are safer in a way, but criminals – the advanced ones – can still get through. Companies have definitely raised the cybersecurity bar, but criminals can keep going higher than the bar. It’s a cat and mouse game, and when you put in a trap, they find a new technique.”

Litan’s view is based on 12 years as an analyst, and many others in the field agree. IDC’s Robert Westervelt said that although there may be many challenges, there could be a bright future ahead. “I don’t think enterprises have gotten worse as cybersecurity, but they are dealing with complexities that they didn’t have to deal with 10 years ago,” he said, adding that it’s a game of never-ending catch-up.

One thing is clear; it’s unlikely that companies can fully protect themselves from attacks. Therefore, in addition to utilising the latest cybersecurity software, it’s vital that firms have plans in place to minimise the fallout when a breach occurs. 



About Us

Montash is a multi-award winning global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP Recruitment, BI & Data Recruitment, Information Security Recruitment, Enterprise Architecture & Strategy Recruitment , Energy Technology Recruitment, Demand IT and Business Engagement Recruitment, Digital and E-commerce Recruitment, Leadership Talent, Infrastructure and Service Delivery Recruitment, Project and Programme Delivery Recruitment.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News


Their Shoes... Matthew Gilbranch, Managing C...

2017-05-23 15:00:00 +0100

Matthew Gilbranch (32) is a managing consultant here at Montash, managing the SAP team. With 7 years in the global recruitment industry, he loves helping people and building lasting relationships with clients and candidates alike. He took the time to talk to us about what a typical day is like in the global IT recruitment industry. "I get up at 6 and I'm out of the house by half 6 and on the train by twenty to 7. On the train I tend to have a power nap ...


7 Things About Your CV You Need To Fix Right ...

2017-05-04 18:00:00 +0100

As a global technology recruitment agency, we are in touch with candidates day in and day out. We've seen all kinds of CVs in our time and know a good one when we see it. As our recruitment team look to find the ideal candidate, they are looking for CVs that show how candidates can impact their clients in a positive way, not just look flashy on paper. You only have a small amount of space on your CV to show off your skills, so make every word count. Cut...