Although there are around 3 500 security vendors in the market and an enormous amount of money is being spent on all their different tools and solutions, breaches are still happening – and happening often. One thing is clear, the cybersecurity industry doesn’t have a tools issue; it has an effectiveness issue.
One of the biggest challenges we are seeing in the market is the average length of time it is taking companies to identify a breach or security incident within their organisation. In fact, the global average is around 207 days, an alarming number if we consider the amount of damage that can be done during that time. Moreover, it still takes about 70 days to contain and mitigate against an incident – bringing the total time up to nearly three-quarters of a year. Imagine how much damage a criminal could do with 70 days of access to your data?
There are many reasons why this is happening. The first, and probably the greatest challenge we see from a global perspective, is that there is a massive cybersecurity skills gap. This shortage is amplified in South Africa due to challenges in attracting people into the industry and retaining those who do join the…
