"90% Of Orgs Believe Cybersecurity Risk Isn't Being Addressed"

According to Foundry's 2022 Security Priorities Study, about 90 percent of security leaders believe their organization is failing to address cybersecurity risks. Those surveyed faced these pitfalls due to various issues, including convincing the severity of the risks to all or parts of their organization and believing their organization is not investing enough resources into addressing cybersecurity risks. Budgets remain a critical contributing factor to a company's cybersecurity efforts. The security budget for small businesses has increased to $16 million, up from $11 million last year and $5.5 million in 2020. Enterprises are seeing consistent security budgets, with $122 million this year and $123 million in 2021. Nearly a quarter of organizations have cyber insurance on their radar, with only 23 percent not interested. In order to address cybercriminals' increasing innovation and the various cybercrime-as-a-service models that are emerging, security executives are researching and testing new security technologies to add to their technology stack. Security Orchestration, Automation, and Response (SOAR), zero-trust technologies, Secure-Access Service Edge (SASE), deception technologies, and ransomware brokers are among the top technologies being actively researched. This article continues to discuss key findings and points shared in Foundry’s 2022 Security Priorities Study. 

VB reports "90% Of Orgs Believe Cybersecurity Risk Isn't Being Addressed"