60% of Cybersecurity Professionals Feel They Are Losing Ground Against Cybercriminals

SAN JOSE, Calif.--(BUSINESS WIRE)--Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), today released global research revealing the cost of siloed security, weak spots in protection and lack of confidence amongst security operations teams. The study of 9,000 global cybersecurity professionals also looks to the future of security and the technology poised to revolutionize security operations. 89% of respondents describe their current security model as “siloed.” Consequentially, three-quarters (73%) are likely allocating budget to advanced solutions, including XDR, to enable an integrated security approach.

“This research reveals how unsustainable the situation is for cybersecurity professionals today,” said Aparna Rayasam, Chief Product Officer, Trellix. “Instead of relying on traditional solutions that add complexity, businesses can reshape security operations with a flexible, intelligent security platform designed to consolidate security tools and quickly remediate threats.”

Protecting The Bottom Line. 84% estimate their organization lost up to 10% of revenue from security breaches in the last twelve months. Medium size businesses (with US$50-100m revenue) lost an average of 8% in revenue, compared to 5% for large businesses (with a turnover of US$10bn - US$25bn), representing revenue losses of between $500m and $1.25bn.

Opportunity to Build SecOps Confidence. 36% of cybersecurity professionals feel “very confident” in their organization’s ability to quickly adapt to new threats, while 60% admit security threats evolve so rapidly, they're struggling to keep up.

On average, respondents’ organizations deal with 51 cybersecurity incidents each day, while over a third (36%) admit they cope with 50 to 200 incidents daily. Almost half (46%) report being “inundated by a never-ending stream of cyberattacks” as one of their biggest work frustrations.

Disconnected solutions are holding businesses back. Six in ten cybersecurity professionals admit their current security tools do not enable their security operations team to work with maximum efficiency. One third (34%) recognize they have blind spots in their protection today.

XDR: A Revolution in Cybersecurity. A quarter (23%) of cybersecurity professionals have already implemented XDR in their organization, with a further 42% very likely to do so in the next 18 months. Additional technologies very likely to be implemented are Network Detection and Response (NDR) (39%), Endpoint Detection and Response (EDR) (38%) and breach attack simulations (37%).

Additional Resources

- XDR: Redefining the Future of Cybersecurity E-book

- XDR: A Revolution Cybersecurity Infographic

Methodology

The study, based on research conducted by Coleman Parkes, surveyed 9,000 cybersecurity decision-makers from organizations with 500 or more employees across fifteen markets: Australia, Brazil, Canada, Chile, Colombia, France, Germany, India, Indonesia, Mexico, Singapore, South Africa, UAE, the UK, and the USA.

Here's another interesting article on Top Trends 2022 - Cybersecurity

About Trellix

Trellix is a global company redefining the future of cybersecurity and soulful work. The company’s open and native extended detection and response (XDR) platform helps organizations confronted by today’s most advanced threats gain confidence in the protection and resilience of their operations. Trellix, along with an extensive partner ecosystem, accelerates technology innovation through machine learning and automation to empower over 40,000 business and government customers with living security. More at https://trellix.com.

Source: Trellix

Contacts
Sebrina Kepple
media@trellix.com

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