60% of Indian Executives Think Current Workload on Their Security Operators is Excessive:Report
New global research from the
IBM Institute for Business Value (IBV) and Palo Alto Networks, found that
surveyed organizations are facing security complexity challenges as they juggle
an average of 67 different security solutions from 26 vendors. It also shows 7
out of 10 surveyed companies with a high degree of security platformization
report their cybersecurity investments have helped business outcomes such as
operational efficiencies and revenue generation.
In the study, “Capturing the
cybersecurity dividend: How security platforms generate business value,”
more than half (77%) of surveyed executives note fragmentation of security
solutions is limiting their ability to deal with cyber threats, but 75% of
organizations that have embraced security platformization agree that better
integration across security, hybrid cloud, AI, and other technology platforms
is crucial. The analysis suggests the trend of adding more solutions to combat
evolving security threats is contributing to inefficiency – impacting both
performance and the bottom line – while moving to a platformized security approach
can help businesses achieve reduced response times and costs without
sacrificing security efficacy.
Cybersecurity Complexity is a Daunting Reality
Increased digital interconnectedness expands attack surfaces and
can create new cybersecurity vulnerabilities. Cyberattacks are becoming more
sophisticated and harder to defend against, while AI is being used by both
defenders and attackers, creating a race in cybersecurity capabilities.
In an evolving threat landscape, surveyed executives estimate
security fragmentation and complexity costs their organizations an average of
5% of their annual revenue. For a $20 billion annual revenue company, that’s a
$1 billion cost to the business in aggregate. Tally the costs of security
incidents, lost productivity, failed digital transformations, stalled AI
initiatives, loss of customer trust and reputational damage and the numbers add
up.
“Organizations continue to be challenged with updating their
security posture to address new threats, while simultaneously being pressed to
reduce complexity and decrease spend,” said Mark Hughes, Global Managing
Partner for Cybersecurity Services, IBM. “Security executives need to enable
innovation, protect assets and derive value from their cybersecurity
investments to help their organizations thrive and further their business
goals.”
“Digital connectivity has expanded the attack surface and
introduced new vulnerabilities. As cyberattacks become more sophisticated and
challenging to thwart, AI has emerged as a key battleground between adversaries
and defenders in cybersecurity,” said Michelle Saw, VP GTM and Ecosystems,
JAPAC at Palo Alto Networks.
We share a commitment with IBM Consulting to empower our customers
with enhanced value. Findings from our survey highlight how platformization can
help organizations achieve improved cybersecurity outcomes. By addressing
complexity through the strategic consolidation and integration of security
solutions onto a unified platform, organizations can significantly enhance
efficiency, reduce risk, lower costs, and unlock new business opportunities.
Ultimately, platformization transforms security from a “necessary cost” into a
“value driver."”
Key insights from surveyed business leaders in India compared to the global average:
· 77% of Indian executives (52%
globally) say complexity is the biggest impediment to their cybersecurity
operations;
· 60% of Indian executives
(80% globally) agree they face pressure to reduce the cost of security, and
globally 41% say security fragmentation has driven up procurement costs;
· 4 out of 5 non-platform of
all organizations globally say their security operations cannot effectively
deal with the sheer quantity of threats and attacks; and
· Globally, 80% of
platformization adopters say they have full visibility into potential
vulnerabilities and threats; and,
· Globally, for platformized
organizations, mean time to identify (MTTI) and mean time to contain (MTTC) security incidents
are shorter by an average of 152 and 113 days, respectively.
Enhancing Businesses with Platformization: Unleashing the Power of
Digital Transformation
In today’s world, the research finds effective security requires
platformization. Consolidating multiple tools into a unified platform not only
bolsters security posture but enables organizations to experience nearly 4
times better return on investment (ROI) from their cybersecurity investments,
leading to revenue generation and increased operational efficiencies.
When it comes to AI, a platform approach can also enable an
organization to better ingest and analyze data to deliver actionable insights.
With 90% of surveyed executives expecting to scale, optimize, or innovate with
AI within the next two years, integrating AI into their platforms can play a
critical role in advancing their security preparedness. For example,
accelerating adoption of agentic AI for security and tapping platformization
for fewer investment cycles; or, using platformization to create the common
governance needed to deliver the AI capabilities shaping the future.
By adopting a platformization approach, businesses can align
technologies, drive innovation, and prioritize security as a core business
requirement. Through IBM and Palo Alto Networks’ strategic partnership, the
companies are bringing together leading security platforms, AI, and
transformation capabilities to help organizations confidently navigate their digital
transformation journey, achieve their desired outcomes and drive substantial
business value.
Tips
for Platformization Success
· Choose partners that streamline
your security mission and trim those that don’t. Critically evaluate
current and potential technology, services, and support partners, and make hard
decisions about where to double down and when to part ways.
· Run your playbook. Stage incident
response drills to assess where a unified platform can deliver the greatest
impact. Take action to improve your incident response capabilities.
· Help your business get prepared
to respond to threats by putting it to the test. Visit a cyber range to
prepare business and technical teams to address the latest cyber threats
through an immersive, organization-wide business-focused engagement. IBM and
Palo Alto Networks now provide a joint Cyber Range experience in Cambridge, Massachusetts,
where clients can leverage the facility to support continuous improvement,
training, and change management as they transform their security operating
models with platformization.
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