The digital economy is being disrupted by data. An estimated 79 zettabytes of data was created and consumed in 2021— a staggering amount that is reshaping how we do business. But as the volume and value of data increases, so does the motivation for hackers to steal it. As such, cybersecurity is a growing concern for organisations across all industries, and budget requests are increasing as a result.
But if we’re spending more, why are organisations still getting hacked at an increasing rate?
In the first webinar of Cybersecurity Series: Hackers ‘re Gonna Hack, Jason Hart, Chief Technology Officer, EMEA, Rapid7, shared his experience on why executives need to reconsider their current operating model and ensure their cybersecurity budgets are working as hard as possible.
84% of our webinar audience agreed that doubling their cybersecurity budget would not halve the risk or impact for their business.
Cybersecurity departments are finding it extremely challenging to justify increases to their budget when they are not seen as directly contributing to revenue. There was also a time when cyber insurance was regarded as a safeguard and magic wand to protect us from risks. But now, these providers are placing more onus on organisations to ensure preventative measures are in place, including risk assessment, controls, and cybersecurity operations.
In an ever-evolving landscape, it is essential to take a step back and consider how you can improve your approach. The key question remains, “How do you do more with less?” You can’t protect everything – you need to understand what matters most and be able to manage, mitigate, and transfer risks by working with a range of stakeholders throughout your organisat ..
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