More than three-quarters of security professionals rate their organiations' commitment to risk-based security management as ‘significant' or ‘very significant'.
According to research of 571 UK and 749 US respondents by Tripwire and the Ponemon Institute, 77 per cent rated their organisations' commitment to risk-based security management so highly and 59 per cent cited risk-based security management as helping align security programs with business objectives.
However, 48 per cent said that their organisations' approach or strategy for risk-based security management was non-existent, while 51 per cent said that they do not have a risk-based security management program or most program activities have not been deployed.
Only 27 per cent have a security risk management strategy that is applied consistently across the enterprise.
Elizabeth Ireland, vice president of product marketing for Tripwire, said: “There's a big gap between risk-based security program commitment and how organisations are actually operating. This could be because many organisations haven't fully connected the importance of their cyber security program to their top-level business risks in spite of the rapid increase in cyber security threats.”
Dr. Larry Ponemon, chairman and founder of the Ponemon Institute, said: “The findings from this report strongly indicate that risk-based security management is still viewed as an IT or security task instead of a business task. Unfortunately, the full value of a risk-based approach to security can only be realised when senior business leaders fully participate in the process.”