The worldwide market for cybersecurity products and services will surpass $95 billion this year, according to Gartner. That’s a staggering amount of money, and it represents an ­8­ percent increase in the size of the market since the beginning of 2017.

Is all of that spending really necessary? Much of it is, of course. But in my experience, many organizations purchase new security solutions without first conducting a thorough risk assessment and gap analysis to identify and prioritize their security needs. Some never evaluate their ability to meet emerging threats with existing resources.

Following such an assessment, an organization may conclude that new controls are required, but they may also discover that upgrades and configuration changes to existing controls are also needed — or, perhaps, are all that’s needed — to provide a solid, layered defense.

Read the full article: Why You Should Conduct Risk Assessments Before Buying New Cybersecurity Products

Published May 2018 in BizTech Magazine