More than half of enterprises don't know if their security tools are working

According to a new report, 53 percent of enterprise security leaders don't know if their security tools are working, despite massive spending. The study carried out for continuous validation specialist AttackIQ by the Ponemon Institute shows companies surveyed are spending an average of $18.4 million annually on cybersecurity and 58 percent will be increasing their IT security budget by an average of 14 percent in the next year. Yet 63 percent of respondents say they've observed a security control reporting that it blocked an attack when it actually failed to do so. In addition only 39 percent of respondents think… [Continue Reading]