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Wellington Research

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Spend on Security

Is your organization underspending on information security? If you’re like most, spending on information security lags far behind other priorities. Only during the past few years has spend on information security started to increase, but it still lags behind. In this Research Report, Wellington summarizes findings from research conducted with thousands of organizations to highlight

The Changing Nature of SOCs

Security Operations Centers (SOCs) are largely confined to use by big businesses and governments, especially large federal governments and large enterprises among the global 1,000.

Unfortunately, the resources - and available security talent - that are common among global 1,000 and large federal governments are not common among local governments, small businesses, and most healthcare service delivery institutions. And the numbers back this up, if data breaches are representative performance indicators.

Data Breach and Cybercrime Indicators

For example, the data breach statistics of the Identity Theft Resource Center reveals it is the combination of medical, healthcare and business sectors that account for the largest share - averaging almost eight-in-ten (79 percent) - of data breach events tracked by the center between 2012 and 2016.

By comparison, the data from Hackmageddon for November 2016 reveals that 80 plus percent of cyberattacks it tracks are due to cybercrime, with the majority of these directed at three industry sectors: hotel and hospitality sector (23.5 percent), the retail sector (17.6 percent), and the entertainment sector (11.8 percent).

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