Almost 40% of organisations are wasting their precious cyber security budgets

A large number of organisations are purchasing advanced security software and solutions at a great cost without assessing whether they have the manpower required to run these solutions, specific skills to optimise these assets, or whether they can integrate such solutions with their existing systems.
A recent survey of IT security experts carried out by edgescan has revealed that as many as 39 percent of organisations are spending their precious cyber security budgets on expensive security software and solutions that they have not been able to use and which ended up in the cupboard as a result.
While 39 percent of IT security experts said their organisations wasted money on security software and solutions, 18 percent said that their organisations spend more than £20,000 on solutions out of their cyber security budgets that were never installed or integrated into their security system.