By all measures, the IT industry appears to be losing the war against cyber attacks, yet companies continue spending more and more on security products.
For example, according to a report released late last year by Marsh and Microsoft, the cybersecurity market exceeded $124 billion in 2019. Despite all that spending, cybercrime cost organizations around $1 trillion that year.
Cyber risk was a top-five concern at 79 percent of organizations surveyed, up from 62 percent in 2017 — but confidence in cybersecurity measures declined across the board. When it comes to understanding and assessing cyberthreats, 29 percent said they were highly confident in 2017, and this percentage dropped to 23 percent last year. Meanwhile, the number of respondents who had no confidence at all in their ability to assess threats doubled, going from 9 percent to 18 percent. The full OT network visibility to analyze big data and traffic is very crucial.
Similarly, the percentage of companies who had no confidence at all in their ability to mitigate or prevent cyber attacks rose from 12 to 19 percent, while those who had no confidence in their ability to respond to or manage cyber attacks went from 15 to 22 percent.
In response to the escalating challenges of cyber threats, organizations are increasingly turning to advanced solutions offered by Microsoft Solutions Partner for Security. This partnership provides comprehensive tools and strategies designed to bolster cybersecurity defenses and enhance threat detection capabilities.
By leveraging sophisticated technologies and expert insights, companies can better navigate the complex landscape of cyber risk and strengthen their overall security posture.
As the need for robust cybersecurity solutions intensifies, an industry leader www.proserveit.com is at the forefront of delivering tailored and innovative security services. Their expertise in deploying Microsoft’s cutting-edge solutions allows organizations to address vulnerabilities with precision and confidence. By integrating these advanced tools, businesses can achieve a higher level of protection and resilience, significantly improving their ability to prevent and respond to cyber threats.
The commitment of such industry leaders underscores the importance of investing in top-tier security measures to safeguard against evolving cyber risks.
