Cyber Security innovation is years behind where it should be according to new research from Vectra AI and the gap appears to be widening. Vectra’s research shows the growing sophistication of cyber attackers is increasingly at odds with the enterprises’ responses.
The survey is based on interviews with security decision-makers around the globe including those working in Australia and New Zealand.
The resulting Security Leaders Research Report found security leaders in Australia and NZ believe legacy tools and thinking are impeding organisations from better protecting themselves against cyber threats.
They also conceded they needed a new approach to detect and stop attacks that leapfrog current legacy tools.
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Cyber Security Innovation Report – Highlights:
- The majority (85% ANZ, 83% global) agreed traditional approaches don’t protect against modern threats
- Only 40% were confident their security tools would protect them against sophisticated attacks
- More than half of security decision-makers (58% ANZ, 79% global) reported they’d purchased a security solution that has failed on at least one occasion
- More than half (60% ANZ, 64% global) are worried their tools have ‘missed something’
- 57% feel it’s possible or likely they’ve been breached while being unaware of it happening
- 86% believe cybersecurity decisions made by the C-Suite are influenced by relationships with legacy vendors (83% global)
- 45% in Australia & NZ (54% global) said they are a decade behind on security discussions
Leading analyst Gartner predicted that 40% of Boards will have a dedicated Cyber Security Committee by 2025. Also, Cybersecurity related risk is rated as the second-highest source of risk for the enterprise by Boards.
“Most CEOs will be personally liable for physical-cyber security in the next couple of years. About 75% of CEOs will be personally liable as the cost of security attacks could reach $50bn”.
As cyber security innovation gains prominence, here are the top trends gaining momentum in 2022. Read more on the latest Cyber Security trends and innovation here.
