Page 151 - Cyber Defense eMagazine September 2022

Why Throwing Money at Cybersecurity Doesn’t Work

By Zac Amos, Features Editor, ReHack

Cyberattacks have become more frequent and debilitating as the work gets more tech-centric. With so
many advanced and expensive security tools available, companies should be able to protect their online
information, right? It’s not that simple. Here’s why throwing money at cybersecurity doesn’t work.

More Money, More Problems

The problem with devoting more finances to cybersecurity isn’t the money itself but how organizations
use it.

According to a survey from security firm Trend Micro, 42% of 5,000 surveyed companies spend most of
their cybersecurity budgets on risk mitigation. Instead of investing in proactive solutions, they are
constantly paying for damage control. This finding should come as no surprise, as many employers still
neglect cybersecurity awareness training.

Cyber Defense eMagazine – September 2022 Edition 151
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