Security is now a topic on many board meeting agendas. Board members need to understand what threats they face, if they are prepared to stop them, and what additional security investments they need to make to better protect themselves from compromised brand integrity, instances of sensitive data loss, or potential threats. In 2015, in response to cyber risks, respondents to PwC’s Global State of Information Security Survey for 2016 boosted their information security budgets by 24 percent. It is safe to assume that this funding was allocated only after a compelling case was made and a CISO or CIO was able to demonstrate a return on investment.
Increasingly, one of these areas of investment is cyber situational awareness. Struck by the realization that they can no longer rely on traditional security defenses to stop bad actors, many organizations are looking for ways to understand which threats lurk outside of their perimeter.
