Key takeaways

• Cyber threats are increasing in number and impact, posing significant risks to businesses worldwide.

● Maintaining in-house IT security has become increasingly challenging due to the rapid pace of emerging threats and the growing shortage of cybersecurity talent.

● Many organisations have shortened their cybersecurity monitoring and assessment cycles, putting additional strain on their resources and shifting them to a reactive instead of a proactive approach

● Managed security services can be more cost-effective than in-house cybersecurity by preventing cyber incidents and reducing breach resolution time more effectively.

The state of organisational cybersecurity

Overview of the evolving cybersecurity landscape

Cyberattacks in 2022 are up 31% from the previous year, and are likely to grow

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Challenges of maintaining in-house IT security

Rapidly emerging threats and a lack of cybersecurity professionals threaten business resilience

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Managed security services for 360-degree coverage

Managed services allow businesses to focus on core activities and maintain operational resilience

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Overview of the evolving cybersecurity landscape

On average, there were 270 cyberattacks per company in 2021, up 31% compared with 2020.²

Challenges of maintaining in-house IT security

59% of business leaders ranked talent recruitment and retention as one of the top challenges in maintaining cyber resilience.¹

Managed security services for 360-degree coverage

Advanced threat detection powered by artificial intelligence can bring that nearly 40-week window of detection and containment down to 29 weeks.

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