Page 42 - Cyber Defense eMagazine - December 2017

cause up to $53 billion in damages, which is comparable to the size of a natural
disaster.

The potential firepower behind today’s cyber threats are enough even to catch the
attention of top defense officials. In a survey of 352 national security leaders, the

greatest threat facing the United States is not terrorism (26.3%) – it’s actually
cyberwarfare (45.1%).

FIGHTING CYBERCRIME

Businesses are more focused than ever on protecting themselves and their data from

increasingly advanced and complex threats.

In a recent survey by Marsh LLC and Microsoft, of the many global companies that are
subject to new privacy rules in Europe, 78% of senior executives are planning to

increase spending on cyber risk management in the next 12 months.

Reducing the cost of security breaches by only 10% can save global enterprises $17

billion annually.

– MORGAN STANLEY

As a result, the cybersecurity sector continues to be one that is on the rise. Spending is

increasing particularly in four key areas: security analytics (SIEM), threat intelligence,

mobile security, and cloud security – and global cybersecurity spending is expected to
grow at a 9.5% CAGR to hit $182 billion in 2021.

Interested in finding out more? Have INSIGHTS that you wish to share? We’re building

up an entirely fresh and new content area at CDM to help the infosec industry gain new

INSIGHTS. Please email [email protected] for more information.

42 Cyber Defense eMagazine – December 2017 Edition
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