From the C-suite to security operations centers (SOCs), the growing scope and scale of cyberattacks is raising security concerns to new heights. With the total annual economic impact of cybercrime estimated to exceed $10.5 trillion by 2025, CEOs are looking for more effective approaches to counter ransomware, malware, phishing, DDOS, and other cybersecurity incidents. And with SOC operators reporting that they no longer have time to review 51% of daily alerts, cybersecurity professionals are looking to AI, automation, and more seamless cloud security architectures to detect, deflect, and deter cybersecurity risk.
Meanwhile, the growth of cloud computing, mobile devices and apps, AI, the Internet of Things, and edge computing creates even more vulnerabilities to attract hackers and cybercriminals. According to IBM research, the cost of the average data breach now stands at $4.45 million globally, up 15% in a year. In the US, the average cost is as high as $9.48 million.
With the clock ticking until the next time hackers gain access, corporate and cybersecurity leaders must rethink information security strategies and restructure for resilience. This means adopting automation to…
