2017 Thales Data Threat Report

2017 Thales Data Threat Report

Advancing Cybersecurity with the Informatica Solution for Data Privacy

Federal governments around the world are racing to boost data security against odds not generally faced in the private sector today. As an example, the U.S. government spent $14 billion on information and cyber security last fiscal year, and a Federal Cybersecurity Workforce Strategy published last year called for hiring of an additional 3500 ‘critical cyber security’ positions in 2017. The Office of Management and Budget also created the nation’s first Chief Information Security Officer Post late last year. Such spending and hiring plans come in the wake of several high profile attacks on databases of the FBI, Internal Revenue Service (IRS), Department of Homeland Security, and on the Democratic National Committee. A major challenge in securing the far-flung systems in the U.S. Federal Government is the plethora of aging legacy systems still in place.

The U.S. Federal Government is planning to increase spending on data security. That said, while most regions and verticals showed big year-over-year increases in spending plans, U.S. Federal showed a meager increase, to 61% from 58% in 2016. U.S. Federal and Global Federal (58%) also ranked amongst the lowest spending plans of any region or vertical, save Japan (54%).

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This may be particularly true for federal agencies, many of which are dealing with outdated systems and budget constraints that have limited their state of readiness to meet modern challenges. Unfortunately, there are plenty of examples to illustrate our need for greater attention to cybersecurity within the federal sector. The most recent was the confirmation of yet another cybersecurity incident at the IRS in which hackers used stolen SSN automated malware to produce over 100,000 e-file PINs, which could be used to file fraudulent tax returns. Thus it’s no surprise that the U.S. financial industry is among those that are most heavily targeted by cyber attacks, and like the broader global economy, has been subject to numerous and well-publicized data threats.

Download a copy of the new 2017 Thales Data Threat Report Federal Government Edition  for more detailed security best practices.

About the Author:

Gwen Shapira-04924d680e3b61a7b53edbc53f03d94c Garrett Bekker,
Principal Analyst, Information Security Dept.,
451 Research

Garrett Bekker is a Principal Analyst in the Information Security Practice at 451 Research. He brings a unique and diverse background, having viewed enterprise security from a variety of perspectives over the past 16 years.
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