The cybersecurity financial burden on organisations has steadily increased at an annual rate of around 11%. According to projections from Gartner, global expenditure on information security and risk management products and services is expected to surge beyond USD188 billion (AUD289 billion) in 2023, up from USD158 billion (AUD 243 billion) in 2021.
A substantial contributing factor is the proliferation of remote working, a shift in the environment shaped by the COVID pandemic. Recent estimates indicate that more than 67% of Australians now either frequently or consistently work from home, as opposed to 42% before the pandemic. This has introduced significant challenges and added substantial costs for IT departments, exponentially expanding the attack surface and necessitating implementation of new security measures. Managing a large fleet of remote devices, including tasks like patching, upgrading and inventory management, has become a complex undertaking.
In its 7 Top Trends in Cybersecurity for 2022 report, Gartner identified expansion of the attack surface as the foremost trend. With 60% of knowledge workers operating remotely and at least 18% not returning to the office, these changes in work dynamics — coupled with increased usage of public cloud, highly connected supply chains and the adoption of cyber-physical systems — have exposed new and intricate attack surfaces. In addition, Gartner identified zero trust protection for remote workers as the most rapidly growing security market segment, with a projected growth rate of 31% forecast for 2023.
Organisations resorting to multiple siloed security solutions
To combat escalating security threats, organisations often deploy various disparate systems and solutions to safeguard and oversee remote devices and communications channels. Each of these carries its own procurement, licensing and management costs, cumulatively imposing a significant financial burden on organisations and impacting operational efficiency. In addition, there are expenses asso ..
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