Report: 90% of Organizations Believe Cybersecurity Risk is Ignored

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According to Foundry's 2022 Security Priorities study, an overwhelming majority (90%) of security leaders believe their organization is failing to address cybersecurity risks. Respondents encountered these pitfalls because of different issues, such as convincing of the seriousness of the risk for all or part of their organization (27%) and believing that their organization does not invest enough resources to face the risks (26 %).

Budgets also continue to play a role in a company's cybersecurity efforts. For small businesses, the security budget has increased to $16 million, up from $11 million last year and $5.5 million in 2020. Enterprises benefit from stable security budgets: $122 million this year versus $123 million in 2021.

When it comes to cyber insurance, a growing industry, nearly a quarter of organizations said they have cyber insurance on their radar and only 23% are not interested.

Cybercrime as a Service

To keep up with the increasing innovation of cybercriminals and the various cybercrime-as-a-service models that are emerging, security decision makers are researching and testing a wide range of new security technologies to add to their technology stack. Key technologies under active research include:

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register here Security Orchestration, Automation, and Response (SOAR) (34%) Zero Trust Technologies (32%) Secure Access Service Edge (SASE) (32%) Deception Technologies (30%) Ransomware brokers (30%)

The data clearly shows that as organizations grow and expand their security efforts in parallel, the appropriate investments and budgetary requirements must follow. Organizations of all sizes recognize the security risks and understand the fallout that can occur due to...