| | June 20158CIOReviewhe bad news is that cyber security threats are at an all-time high, but the good news is that security awareness is too. It has the attention of every boardroom in the country; the awareness around security is the highest I've seen it during my nearly 30 years in business.So, what does that mean for CIOs and CISOs? Most importantly, more awareness means more dollars in the budget dedicated to security. The numbers reflect that. Global IT security spending will grow from $71.1 billion last year to a record $76.9 billion in 2015, according to Gartner.Rising budgets are also leading to the creation of next-generation security companies with innovative and effective solutions. Not all of them will survive of course. But the best security startups could one day save your business.After all, cyber thieves are getting more aggressive and sophisticated. They're well-financed, well-equipped and highly motivated. When it comes to hackers gaining access to your network, it's not a matter of if, but when. Despite your best defenses, you can't keep 100 percent of them out 100 percent of the time.How good are hackers these days? Well, according to the 2014 "M-Trends Report" from Mandiant, the bad guys are inside a target network for an average 229 days before they're discovered. That's a lot of time to root around and wreak havoc.So what should CIOs and CISOs do? Raise the white flag?Never. Instead, you need a better game plan. Simply locking down the perimeter--and praying no one gets in--is no longer a reasonable security stance, especially as organizations move toward more openness.A better way to control the problem is by quickly finding and defeating those that do get in. As the By Enrique Salem, MD, Bain Capital Ventures (Former President & CEO of Symantec [Nasdaq: SYMC])A New Battle Plan for Defeating Cyber Threatsopinionin myEnrique Salem
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