STUDY: 88% of Security Leaders think their Organization is Falling Short Addressing Cybersecurit…>
Globe Newswire –
– 41% of organizations consider being prepared to respond to security incidents as the most important security priority for the upcoming year.
– 36% prioritize improving the protection of confidential and sensitive data.
– 34% of organizations plan to upgrade IT and data security to enhance corporate resiliency.
– 33% aim to improve the security of cloud data and systems.
– 88% of security leaders believe their organization falls short in addressing cybersecurity risk.
– 28% of security leaders struggle to convince the organization about the severity of the risk.
– 26% of organizations don’t invest enough budget resources for people and technology.
– 26% of organizations face challenges in finding and retaining skilled security talent.
– 85% of top security executives have regular engagements with the board of directors, compared to 82% in 2022.
– 59% of security leaders indicate that their engagement with the board helps improve cybersecurity initiatives.
– 98% of security leaders expect their security budgets to increase or remain the same in the next 12 months.
– 25% of top security executives report to the board of directors.
– 67% of organizations leverage artificial intelligence in their security technologies.
– 79% of enterprises use artificial intelligence in their security technologies.
– 55% of SMBs use artificial intelligence in their security technologies.
– 44% of organizations use AI in threat detection.
– 36% of organizations use AI in malware detection.
– 32% of organizations use AI in automated alerts and triage.
– 26% of organizations use AI in real-time risk prediction.
– 72% of security leaders have seen the benefits of AI-enabled security tech in their organizations.
Foundry, the media, data, and martech division of IDG, Inc., has released the 2023 Security Priorities Study.
The study reveals insights into the security structure of organizations, perceived risks, challenges faced by security leaders, and investments being made to enhance security.
The findings show that organizations are investing in security solutions with AI capabilities to quickly identify unknown threats and streamline response times.
They are also focusing on security operations centers (in-house or outsourced) and cyber insurance policies.
The study highlights the top security objectives for the upcoming year, including being prepared to respond to security incidents, improving data protection, and upgrading IT and data security.
Security leaders face challenges in gaining stakeholder buy-in, with governance and compliance regulations causing distractions.
Many organizations feel they are falling short in addressing cybersecurity risks and struggle with budget resources and talent retention.
More security executives are engaging with the board of directors to improve cybersecurity initiatives.
IT leaders plan to increase investment in authentication, data analytics, cloud data protection, and cloud-based security solutions.
Cyber insurance policies are also gaining interest.
AI is being widely used in security technologies, with a majority of organizations leveraging it for threat detection, malware detection, automated alerts, and real-time risk prediction.
The study emphasizes the importance of vendors supporting customers throughout the evaluation and post-sales stages.
The adoption of AI-enabled security tech has shown benefits for the majority of organizations.
Link: https://bit.ly/3utp22i