GAITHERSBURG, Md., April 27, 2015 /PRNewswire/ -- When
organizations look to invest in cybersecurity technologies, the
bottom line should not be the sole factor in the decision-making
process. According to the results of a new survey commissioned by
Lockheed Martin (NYSE: LMT), corporations are wiser to rely on
metrics more diverse than Return on Investment, and to embrace
innovation when it comes to using existing technologies to full
effect.
The survey also revealed that the most important metrics are the
least reliable: though 70 percent of survey respondents believe
Return on Investment (ROI) and Total Cost of Ownership (TCO) are
critical metrics for investment and measuring a technology's
economic benefits, the same number say it is difficult to calculate
an accurate ROI for a given security technology. Sixty-one percent
say the same of TCO calculations.
Additional key findings include:
- Survey respondents cited cost, performance, and vendor support
as the most important factors when investing in security
technologies. However, important features such as interoperability,
proven risk reduction, and lack of complexity were not considered
as important.
- An overwhelming 90 percent of survey respondents say their
organization has invested in a security technology that was
ultimately discontinued or scrapped before or soon after
deployment. The organizations deemed most innovative have found
ways to use existing technologies that are more efficient and
cost-effective to create a more secure organization.
"As cyber threats increase, it is troubling to see so many
cybersecurity tools purchased by organizations end up as
shelfware," said Greg Boison,
director of Homeland & Cybersecurity at Lockheed Martin. "When
cyber dollars are scarce, organizations should not only evaluate
which tools their enterprise needs, but whether they have the
internal and external resources to deploy, maintain and leverage
them."
The Risk & Innovation in Cybersecurity Investments survey
was independently conducted in February by data security research
group Ponemon Institute. It polled 618 U.S.-based senior IT
practitioners from a variety of sectors, including financial
services, the federal government, healthcare, utilities, energy,
and pharmaceuticals. The margin of error for survey questions
ranged from ± 1.0 percent to ± 5.6 percent, with an overall average
of ± 3.6 percent.
Headquartered in Bethesda,
Maryland, Lockheed Martin is a global security and aerospace
company that employs approximately 112,000 people worldwide and is
principally engaged in the research, design, development,
manufacture, integration and sustainment of advanced technology
systems, products and services. The Corporation's net sales for
2014 were $45.6 billion.
For additional information, visit our website:
http://www.lockheedmartin.com/cyber
Follow us on Twitter @LockheedMartin
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SOURCE Lockheed Martin