Companies are spending more than ever on cybersecurity but, despite a plethora of new security systems, they continue to be vulnerable to attacks, which are not only becoming more numerous but are also taking a greater financial and business toll on organizations.
This is happening, I believe, because companies are approaching cybersecurity in the wrong way. Even though logic suggests that the more a company spends on cybersecurity systems the better protected it will be, there is no correlation between the two. What’s more: Increased cybersecurity spending often has the unintended effect of providing a false sense of security.
