Cybersecurity is one of the top risks facing businesses. Organizations are struggling to navigate the ever-evolving cyberthreat landscape in which 600 million identity attacks are carried out daily.1 The median time for a cyberattacker to access private data from phishing is 1 hour and 12 minutes, and nation-state cyberattacks are on the rise.2 Organizations also face unprecedented complexity, making security jobs harder—57% of organizations are using more than 40 security tools, which requires significant resourcing and effort to integrate workflows and data.3 These challenges are magnified by the global security talent shortage organizations are facing and there are more than 4 million security jobs unfilled worldwide, rising insider risks, and the rapidly evolving regulatory landscape today.4 These cybersecurity challenges can not only increase significant business disruptions, they can also create devastating economic damages—the cost of cybercrime is expected to grow at 15% year over year, reaching $15.6 trillion by 2029.5
In November 2023, to address the evolution of the digital and regulatory landscape, and the unprecedented changes in the cyberthreat…
