Enterprises Need 27 New IT Hires to Manage Security Debt

Organizations that spent heavily on digital transformation during the pandemic will need two years’ worth of investment to mitigate the resulting security gaps, according to a new report from Veritas.

To compile its latest report, The Vulnerability Lag. the data security vendor polled over 2000 senior IT decision-makers across EMEA, APAC and the US from organizations with at least $100m in revenue.

It found that security (51%) and cloud (56%) are the top two areas in which capability gaps expose these large enterprises to attack.

Respondents claimed they’d need to spend $2.5m on average and hire 27 full-time IT employees to close these gaps within the next 12 months.

The report predicted that it will take firms, on average, two years to eliminate the current vulnerabilities in digital systems, which represent a significant risk to their organization today.

There’s an urgency to them doing so: Veritas claimed the average responding organization had experienced 2.57 ransomware attacks that led to downtime in the past 12 months, while 14% have been hit five times or more.

Organizations with at least one gap in their technology strategy have, on average, experienced five times more ransomware attacks leading to downtime in the past year versus those with no gaps, it added.

Some two-fifths (39%) of respondents claimed that security measures ..

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