Intelligent CISO Issue 07 | Page 41

E R T N P X E INIO OP Overcoming barriers to achieve proactive cybersecurity Nik Whitfield, CEO, Panaseer, talks to Intelligent CISO about why it’s time for organisations to take a proactive approach to security to stand a chance of staying ahead of modern cyberthreats. T he last decade has seen a huge surge in cyberdefence technologies. Like an arms race, with every increasing or new threat, organisations layer on a new solution or product hoping to create a blanket of cover thick enough to keep the bad guys out. They then sit, wait, monitor, hope to detect something bad as quickly as possible and finally react when a discovery of something happens. However, collectively we have now reached a point where this just doesn’t work as it is no longer an effective approach. It is an outdated equation where you will never have enough resources to respond to the ever-evolving intelligent adversary www.intelligentciso.com | Issue 07 Nik Whitfield, CEO, Panaseer and with most businesses taking, on average, about 197 days to detect a breach on their network, the analogy of ‘shutting the gate after the horse has bolted’ springs to mind. market is expected to grow from US$20.66 billion in 2018 to US$41.77 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period. If you are to stand a genuine chance of combating threats successfully and addressing the myriad of compliance issues facing all industries, you need a different playbook. With limited budgets and resources, and demands for insight and proof, organisations must move from firefighting i.e. monitor, detect, react to fireproofing i.e. prepare and protect, developing a robust, proactive cyberstrategy. Enabling your strategy to evolve isn’t easy, which is why we commissioned analysis from 451 Research to provide insight into the industry opportunity for proactive security, as well as the key hurdles that organisations need to overcome to successfully shift their focus. Industry experts agree – earlier this year Markets and Markets issued a report that outlined that the proactive security market is undergoing tremendous growth. Its report outlined that the A profusion of tools and data The profusion of tools and data with their operational silos obscures the true state of the organisation’s security posture. Gathering asset data from across the organisation is deceptively difficult. The problem starts with the myriad of operational silos that have to be crossed – 41