News September 8, 2021

Microsoft has a $20 billion hacking plan, but cybersecurity has a big spending problem

An excerpt from the CNBC article, ‘Microsoft has a $20 billion hacking plan, but cybersecurity has a big spending problem’

Even within the Fortune 100, many companies are spending a ton of money on new cybersecurity technologies, but lack the right people to implement them correctly, according to Chris Rouland, CEO of Phosphorus Cybersecurity and a former CTO of IBM Security. “There are many companies that are sitting on security solutions that could help protect them from getting breached, but they simply aren’t able to put all of it in place and so they remain vulnerable.”

The problem looms largest for smaller companies and local governments, which struggle to compete on salary, creating what Rouland described as “enormous personnel gaps.”

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