Network data breaches are at their highest level with the average total cost of a breach sitting at $4 million (up 29% over the past three years). To address this rising trend, organizations, and specifically Chief Information Security Officers (CISOs), are significantly increasing their annual spend in security technology and personnel.
By some estimates, global information security spend will exceed $170 billion by 2020. However, if past trends are any indication, the increased investment will do nothing to quell the number of breaches. In fact, it will increase complexity within the security infrastructure – creating more access rules and security data than existing networks can manage.