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The State of U.S. Cybersecurity: Not So Good

BY Rebekah Mintzer
July 02, 2014

It feels as though every day brings new national headlines about a cyberattack, an alarming trend that has piqued the interest and deep concern of plenty of U.S. organizations in both the public and private sectors. The latest iteration of an annual report, the “2014 U.S. State of Cybercrime Survey,” shows that these growing concerns have not necessarily translated into developing and deploying the proper defensive capabilities for preventing the next cybercrime disaster.

The report, which was cosponsored by PricewaterhouseCoopers (PwC), CSO Magazine, the U.S. Secret Service and the CERT Division of the Software Engineering Institute at Carnegie Mellon University, covers survey data from more than 500 executives from U.S. businesses, law enforcement and government agencies. The analysis concludes that despite some important efforts to build better cybersecurity regimes, organizations are still lagging behind the bad guys in tactical skills and technological capabilities.

One of the weaknesses identified by the report is a lack of strategic investment in cybersecurity measures. A mere 38% of respondents to the survey said that they have a methodology to prioritize cybersecurity investments based on risk to the business. The report emphasized that smart spending based on industry, geography, key assets and other factors is essential ' there are no one-size-fits-all strategies to protect an enterprise from cybercrime.

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