- Report Reveals AI-Driven Threats Are Evolving Faster Than Enterprises Can Keep Up
- Organizations use countless security dashboards and tools, adding to the confusion.
- Simplification starts with a “trusted” data source
Amid the tide of rising cyber threats, two in three (65%) security leaders fear they will be blamed in the event of a major breach, making the position less desirable and potentially even leaving many companies scrambling to fill positions.
New research from Panaseer found that the average cost of a cyber incident per affected company is $14 million per year, equivalent to 73% of their security budget, a budget that clearly failed them in the first place as they became victims of attacks.
With increasingly complex systems, Panaseer found that three out of four attacks exploited multiple control flaws, and nearly two-thirds reported that attackers bypassed controls they believed should have prevented the breaches.
The role of the CISO is no longer so attractive
The picture is being further amplified by a rise in AI-driven threats: more than three-quarters (77%) are concerned they are evolving faster than teams can respond.
Organizations currently use an average of 61 security tools and 58 dashboards, conducting or responding to 28 audits annually that take an average of eight days to prepare.
“The complexity of the IT landscape, the proliferation of cyber tools and the rapidly evolving threat environment, compounded by increasing demands from regulators, make it very difficult to achieve even basic hygiene,” said CEO Jonthan Gill.
Although 77% agree that traditional tools are not adequate for today’s threat landscape, it appears that more is not better either: many report costly delays in audits or failure to demonstrate control effectiveness to leaders.
“For CISOs, it’s a case of water, water everywhere, but not a drop to drink,” Gill added. Panaseer calls for widespread simplification, starting with a “single, trusted source of real data” and dashboards that speak the languages of stakeholders and auditors.
“Without this, security teams can’t track controls and progress; companies can’t understand risk; and companies will continue to lose millions due to preventable breaches.”
The best antivirus for all budgets
Follow TechRadar on Google News and add us as a preferred source to receive news, reviews and opinions from our experts in your feeds. Be sure to click the Follow button!
And of course you can also follow TechRadar on TikTok for news, reviews, unboxings in video form and receive regular updates from us on WhatsApp also.
