GIGAMON SURVEY SHOWS GLOBAL SECURITY LEADERS' STRUGGLE TO KEEP UP WITH CYBERTHREATS

KUALA LUMPUR, June 19 (Bernama) -- Gigamon, a leader in deep observability has revealed vulnerabilities in organisations’ preparedness to defend against increasingly sophisticated cyberthreats and attacks, in its newly published 2024 Hybrid Cloud Security Report.

Compared to last year’s report, the annual survey of over 1,000 Security and information technology (IT) leaders across Australia, France, Germany, Singapore, the United Kingdom, and the United States, showed a decline in detection and response capabilities year-on-year.

According to a statement, the research found one in three organisations were unable to detect a breach in the last 12 months, with just 25 per cent able to respond in real time, revealing a cybersecurity preparedness gap.

As hybrid cloud environments grow in complexity and threat actors launch a barrage of concealed attacks, 65 per cent of respondents believed their existing security tooling could not effectively detect breaches.

Security and IT leaders are at a crucial juncture. The spectre of artificial intelligence (AI)-powered cyber attacks looms globally, with 82 per cent of respondents predicting that AI will increase the global ransomware threat.

And yet, despite global information security spending projected to reach US$215 billion in 2024, only half (54 per cent) of organisations feel “strongly prepared” to respond to unauthorised access to their hybrid cloud environments. (US$1=RM4.70)

The research also delves into the insights of 234 chief information security officers (CISOs) globally, with the results highlighting that CISOs continue to bear the burden of regulatory and technological pressures, with 69 per cent reporting they struggle to detect encrypted threats, compared to 59 per cent of the total respondents.

Furthermore, an alarming 70 per cent of CISOs believed their tools were not as effective as they could be in detecting breaches, and as a result 59 per cent say they would be most empowered by cyber risk becoming a boardroom priority.

The 2024 Hybrid Cloud Security survey was commissioned by Gigamon and fielded in collaboration with Vitreous World, and the data is based on findings of an online survey of 1,033 global respondents from March 22 to April 6.

-- BERNAMA