Why Enterprise Giants Can't Escape Cybersecurity Breaches

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There is an epidemic of security vulnerabilities everywhere. Last month, in the space of a week, a hacker gained access to the personal information of American Airlines customers, but the company posted record revenue of $13.4 billion in the second quarter ; Uber took its internal communications and engineering systems offline following a network compromise, but reported second-quarter revenue of $2.7 billion; even video game studio Rockstar Games was compromised when a bad actor stole in-development footage and data from the next unreleased installment of its billion-dollar Grand Theft Auto game.

Cyber ​​adversaries can go undetected for an average of 201 days. It's a little over six months. That's a surprisingly short amount of time for some of the biggest companies around the world to assume they're safe from bad actors. At the same time, the venture capital industry has doled out $17.1 billion to fuel the growth and sophistication of existing cybersecurity vendors and fund new disruptors as attacks increase in number and cost. For the twelfth consecutive year, the United States holds the title for the highest cost of a data breach, with an average cost of nearly $9.5 million per incident.

With the rapid increase in digitalization over the past decade, it's almost absurd to think that with all the time and money invested in cybersecurity, there hasn't been a legitimate breakthrough. Why aren't these corporate giants with funds and access to top-notch cybersecurity systems and top talent unable to prevent massive breaches and contain massive damage to their products? , services and customers? The conclusion is easy when you realize it. They do not find the adversary because they are not intentionally and continuously looking for him.

The outlook for cybersecurity is disappointing, and its current state of steady compromise and uncertainty can be attributed to a handful of factors.

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For one thing, threats are constantly evolving. Each time cybersecurity teams identify a solution to a threat, a dozen or more could appear in its place. It is the current nature of cybersecurity teams to be reactive. But this perpetuates an ineffective cycle of failure to anticipate. Malicious actors are analyzing networks and developing attacks even before defenders can detect and fix these system flaws. The solutions are...