MINNEAPOLIS, March 7, 2018 /PRNewswire/ -- Great Bay Software, a leader in Internet of Things (IoT) security and operational efficiency solutions, today announced its platinum sponsorship of the newly available 2018 Cyberthreat Defense Report (CDR). The annual study is based upon responses from 1,200 IT security decision makers and practitioners from 17 countries and 19 industries and provides a 360-degree view of organizations' security threats, current defenses and planned investments.
This year, the report identified a lack of skilled personnel as being IT security's greatest inhibitor to success, which trumped low security awareness amongst employees as the primary inhibitor for the first time in five years. In fact, four in five organizations globally are experiencing an IT security skills shortage in 2018.
Security practitioners also identified the inability to reduce the organizations' attack surface as being one of the most challenging internal IT security functions, second only to the development and testing of security applications. "The ever-increasing sophistication of cyberthreats, rise of targeted attacks and dissolution of a well-defined perimeter all but guarantees some number of threats will gain access to the enterprise network," says Steve Piper, Co-Founder and CEO of CyberEdge Group. "As a result, it is essential that enterprise defenses include a robust set of capabilities to monitor for, identify, correlate, investigate and respond to suspicious activities that may in fact be real threats."
Unfortunately, the growing attack surface combined with a skills and personnel shortage is a recipe for disaster, often requiring IT security teams to do more with less and to prioritize security initiatives over others of equal importance. Industries such as Healthcare and Financial Services are especially impacted by these challenges and are highly targeted by external cyberthreats, as hackers stand to gain the most from accessing sensitive Patient Health Information (PHI) and financial data. These industries are also using an increasing amount of IoT devices to ultimately deliver a better customer experience. Unfortunately, these devices are often not associated with a single user and/or cannot be managed by traditional security software, making them prime points of entry in a cyberattack.
"Great Bay is excited to support unbiased research and analysis that is rooted in the real experiences of global security practitioners," said Dino Balafas, VP of Product Management and Marketing at Great Bay Software. "As we partner with our customers to understand the unique security and operational challenges they are experiencing from their connected devices (both known and unknown to the organization), it has become clear that network visibility, intelligence and enforcement are critical capabilities for teams charged with combatting cyberattacks and securing data. The 2018 CDR provides hard proof points that validate this market need as being a foundational element of any effective security strategy."
Great Bay Software is an IoT security and operational efficiency leader providing comprehensive visibility and control over endpoints on the network so organizations can secure data, preserve customer trust and protect revenue. By delivering real-time insight into device identity, location and behavior, Great Bay helps organizations identify and respond to potential threats and improve operational efficiency, all while supporting millions of connected devices. For more information, visit: http://www.greatbaysoftware.com/.