Security investments need to be proactive rather than reactive, given the increasing number of potential intrusion points and actors. The shift to cloud computing has essentially doubled the scope of what CISOs must secure. There is also a skill gap among security professionals, adding to the challenges. Despite these issues, business innovation must continue. Automation and AI can aid detection and response workflows, and security tools that provide a return on investment are crucial. Consolidating solutions across multiple internal teams can also help in obtaining approvals for new products.
Key takeaways:
- Cybersecurity is a growing issue for companies and organizations, with data breaches costing an average of $4.45 million in 2023, a 15% increase over three years.
- AI promises improved decisions, automation and the ability to leverage staff more efficiently, but it also requires unprecedented data access, making it a potential target for cyberattacks.
- Security investments need to be proactive rather than reactive due to the evolving threat landscape, with potential intrusion points and actors ranging from petty thieves to hostile nation-states.
- Automation and AI can aid in detection and response workflows, but integration-friendly security tools that provide true return on investment are paramount.