Wave Systems Corp. (fka WAVXQ)

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Cybersecurity is failing due to ineffective technology

https://www.helpnetsecurity.com/2020/10/23/cybersecurity-is-failing-due-to-ineffective-technology/

Excerpts:

A failing cybersecurity market is contributing to ineffective performance of cybersecurity technology, a Debate Security research reveals.

Based on over 100 comprehensive interviews with business and cybersecurity leaders from large enterprises, together with vendors, assessment organizations, government agencies, industry associations and regulators, the research shines a light on why technology vendors are not incentivized to deliver products that are more effective at reducing cyber risk.

The report supports the view that efficacy problems in the cybersecurity market are primarily due to economic issues, not technological ones. The research addresses three key themes and ultimately arrives at a consensus for how to approach a new model.

Cybersecurity technology is not as effective as it should be

90% of participants reported that cybersecurity technology is not as effective as it should be when it comes to protecting organizations from cyber risk. Trust in technology to deliver on its promises is low, and yet when asked how organizations evaluate cybersecurity technology efficacy and performance, there was not a single common definition.

Please see the rest of the article at the link above.
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