IDG 2017 State of the CIO survey: Upgrading IT and data security was one of the IT leaders top three goals. IT security investments represented 12 percent of the total IT budget, the survey found. Companies cant afford to underfund any of the broad categories of cybersecurity investment, says Dwight Davis. Insurance should be treated as a complement to strong security technology, staffing and education, not as an alternative to them, he says. Each one plays a critical role in building comprehensive defenses, and underfunding any of them could prove a costly error.”]