Security State of Disruption Report

Security State of Disruption Report Forces, Trends and Insights for the Security Market in 2023 www.cloudtrustedadvisor.com

Key Takeaways A new company is hit with ransomware every 40 seconds (Kaspersky Security Bulletin). 91% of companies feel vulnerable to hacks (CFO magazine). 79% of global companies experienced cybercrime in the past 12 months. $4 million dollars is the average cost of a security breach (IBM). Ransomware, DDoS attacks, intrusion, and email phishing attacks are the threats about which customers are most concerned. Customers’ primary issues with their current security posture focus primarily on their fears regarding emerging threats combined with staffing and resource limitations. As many as two million security jobs are unfilled due to the lack of qualified people. This phenomenon is increasing the need for Trusted Advisors. Preparedness for attacks varies somewhat by vertical markets. With the high- est level of risk perceived by respondents in the Business Services and Medical sectors. We have shifted from a world in which the IT security budget is to be minimized, in favor of an environment in which the very survival of the business depends upon embedding security into every facet of the infrastructure. Companies across the broad market are moving to third-party managed securi- ty service providers at an annual rate of 5 percent RDI. Source: AVANT Security 6-12 Report.

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Tim Conti [email protected] Cloud Trusted Advisor 312.925.7731