New platform ‘to slash £6.6bn security testing costs’ as it’s too expensive

#News(Security) [ via IoTForIndiaGroup ]

In a survey by Avord, provider of a new security testing platform, businesses have criticised the security testing industry for being too expensive. The report indicates that UK firms alone are spending more than £6.6 billion (US$8.41 billion {€7.30 billion}) annually protecting critical assets from cyber attacks.

Research from Avord – a revolutionary new security testing platform that launches today – puts the spotlight firmly on the security testing market, which is dominated by consultancies that provide services to businesses, sometimes at twice the daily rate of an independent tester. And with 77% of UK businesses claiming the cost of testing is too expensive, there is a clear demand for change, says Avord.

The need to use external consultants is driven by the fact only one in five (21%) UK businesses have sufficient, in-house, employee skills and knowledge to carry out security testing – most of which are major organisations with more than 750 employees. When homing in on small to medium-sized enterprises (SMEs), the figure falls to just 1%, with businesses almost exclusively (95%) outsourcing the testing of security controls for its critical assets.

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