IT security hindered by budget constraints; IDC
IDC predicts budget constraints will remain a challenge for Saudi Arabia in 2016
International Data Corporation (IDC) has announced from its recent IT survey that budget constraints are a major challenge when it comes to implementing IT security solutions.
The survey revealed 60% of the respondents identified limited budgets as a challenge, plus 68% of Middle East CIO's indicated that maintaining security will remain their biggest technology challenge throughout 2016 as they face pressure to ensure high levels of system performance and availability.
"Given the current economic environment, it is only natural that organisations in Saudi Arabia look to revisit their IT budgets," says Megha Kumar, senior research manager for software at IDC Middle East, Africa, and Turkey. "But while cost optimisation is an obvious priority, organisations must not neglect the critical importance of their information security posture. Employing a reactive approach to security in these circumstances is certainly a strategy to avoid as it creates exactly the sort of ecosystem that cybercriminals require in order to gain access to systems and even compromise critical infrastructure."
The topic of securing a smart digital enterprise featured heavily at IDC's IT Security Roadshows in Jeddah and Riyadh, where senior security professionals from the Kingdom's government, oil and gas, manufacturing, construction, and BFSI verticals, gathered to discuss the threat landscape in Saudi Arabia.
Kumar added: "Budget constraints are likely to remain a challenge for the foreseeable future in Saudi Arabia, but the security conundrum becomes even more challenging when organisations look to start downsizing their headcounts in a bid to free up much-needed resources.
"In such a scenario, the threat of insider risk is exacerbated as disgruntled employees leave the company, potentially taking sensitive corporate information with them. As such, data loss prevention, data access management, and governance all become major security factors that must be addressed in order to avert any unwanted drama."
Organisations in the Kingdom are now seeking IT solutions that will facilitate improved cost and operational efficiency, as they increasingly look to exploit innovative new business models and services. This all means that cybersecurity and privacy solutions will become one of the major technological drivers of successful digital transformation strategies, but businesses must first undertake a proper risk assessment to discover precisely where they can be compromised.