The rising complexity of cyberattacks is forcing companies to add additional cybersecurity tools and solutions - including antivirus, anti ransomware, endpoint protection etc - to their tool sets, something which is quickly becoming unsustainable.
Yet despite this, nearly two thirds have experienced what the report calls a “significant cyber security incident” since the beginning of 2021.
The report notes having a plethora of often incompatible security solutions makes it difficult for IT professionals to have a bird’s view of the state of security in real time within the organization.
Not surprisingly, seven out of 10 VP and CIOs questioned believe that having so many tools is harming their ability to detect and prevent threats altogether. That is not surprising given that each security solution needs to be properly implemented and maintained across all end points, gateways and network attack surfaces.
Evolving security problems can also give rise to unexpected scenarios that can offer a window of opportunity for an attacker or cause false positives.
Covid, a nefarious catalyst
The additional workload has been caused by the thousands of entities, big and small, that have embraced hybrid working.
Amit Bareket, CEO of Perimeter 81, said “A remarkable 87% of responding companies will have hybrid workers even after Covid—and more than half of them will work remotely three to four days a week. This is a dramatic development that permanently increases the size of the network’s attack surface, and requires IT professionals to quickly seek long-term solutions.”
In addition, the report highlighted the shocking fact that 59% of companies admitted to paying a ransom to cyber criminals, with nearly half of them having data recovery costs between $100,000 and $1 million.
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