cyber
TRENDS
Cybersecurity complexity is a daunting reality
Increased digital interconnectedness expands attack surfaces and can create new cybersecurity vulnerabilities. Cyberattacks are becoming more sophisticated and harder to defend against, while AI is being used by both defenders and attackers, creating a race in cybersecurity capabilities.
In an evolving threat landscape, surveyed executives estimate security fragmentation and complexity costs their organisations an average of 5 % of their annual revenue. For a US $ 20 billion annual revenue company, that’ s a US $ 1 billion cost to the business in aggregate. Tally the costs of security incidents, lost productivity, failed digital transformations, stalled AI initiatives, loss of customer trust and reputational damage and the numbers add up.
“ Organisations continue to be challenged with updating their security posture to address new threats, while simultaneously being pressed to reduce complexity and decrease spend,” said Mark Hughes, Global Managing Partner for Cybersecurity Services, IBM.
“ Security executives need to enable innovation, protect assets and derive value from their
Security executives need to enable innovation, protect assets and derive value from their cybersecurity investments.
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