This segment is brought to you by E Y empowering
today's leaders to realize tomorrow's opportunities. Jeter News recently
spoke with E Y to discuss the growing issues that
companies are facing when it comes to cyber security threats
and how it plans to combat them. Here's news
, senior reporter Michelle Castillo at the R S A
conference in San Francisco. Yeah. Cyber security threats
are popping up everywhere. Companies have been buying security
products, many of them and they're not necessarily integrating
them which increase cost and risk. 78% of companies
use 50 or more cyber security tools. More than
a third are using over 100 everybody's under budget pressure
. So how do we do more with less executives
are facing mounting costs? A lack of cyber security
talent and too many options to protect their company.
There's also increased regulation every seesaw in the market.
They have too many tools, they have too many
complex systems and the attacker knows that with the current
economic situation. E Weisberg says cutting the clutter is
necessary. It's a perfect time to really revisit the
strategy, take products out, simplify, standardize and
what you'll wind up with is a lower risk profile
and also a business that can run better and faster
. But it takes strong leadership that understands cyber security
. Security leaders have to be able to describe where
they're going, why they're going to a certain destination
, how long it will take and how much money
they need, they need to be able to communicate
the top risks and why it matters. I think
that there is an opportunity right now to try to
better educate these boards and management teams and use business
terms to be able to explain quantitative outcomes. Things
like what is in fact the return on investment on
a cyber security program. Business leaders should ask,
do we have the right directors on our board that
actually knows security so they can ask management the right
questions. Second, are we spending the right money
in the right spots? Like where are the crown
jewels? Are we protecting those things before we protecting
benign things with the right teams, businesses are setting
themselves up for success. If you're really focused on
keeping their customers safe, you build trust in those
customers and executives and their employees can sleep a little
more soundly in San Francisco at the R S A
conference. I'm Michelle Castillo. All right. Thanks
to Michelle Kelly Bissell and Dave Berg. This segment
was brought to you by E I helping you realize
your transformation through the power of people, technology and
innovation. Visit E Y dot com to learn more --> .