Revealing Global Research

Also at Xpand, Trellix released global research revealing the cost of siloed security, weak spots in protection and lack of confidence among security operations teams.

Trellix polled 9,000 global cybersecurity professionals. Eighty-nine percent of respondents describe their current security model as “siloed”. Consequentially, three-quarters are likely allocating budget to advanced solutions, including XDR, to enable an integrated security approach.

Eighty-four percent estimate their organization lost up to 10% of revenue from security breaches in the last 12 months. Mid-size businesses lost an average of 8% in revenue, compared to 5% for large businesses, representing revenue losses of between $500 million and $1.25 billion.

Thirty-six percent of cybersecurity professionals feel very confident in their organization’s ability to quickly adapt to new threats, while 60% admit security threats evolve so rapidly, they’re struggling to keep up.

On average, respondents’ organizations deal with 51 cybersecurity incidents each day, while over a third admit they cope with 50 to 200 incidents daily. Almost half report being “inundated by a never-ending stream of cyberattacks” as one of their biggest work frustrations.

Disconnected solutions are holding businesses back. Six in 10 cybersecurity professionals admit their current security tools do not enable their security operations team to work with maximum efficiency. One third recognize they have blind spots in their protection today.

“This research reveals how unsustainable the situation is for cybersecurity professionals today,” Rayasam said. “Instead of relying on traditional solutions that add complexity, businesses can reshape security operations with a flexible, intelligent security platform designed to consolidate security tools and quickly remediate threats.”