A security strategy that doesn’t offer the flexibility for innovation undermines the key competitive driver in a modern environment. So how do organizations bake trust into their security posture to provide the confidence to innovate and grow?
To achieve a balance between trust and innovation, businesses must rethink their approach by weaving security into every part of their digital fabric. Instead of creating a steel fortress around their digital ecosystem, they must have the flexibility to respond to market opportunities, confident that they can intercept and respond to risks in real-time.
Complexity undermines security ROI
The security market has never garnered more interest, with Gartner estimating spending on cybersecurity to exceed $150 billion by the end of 2021. However, according to a recent IBM study, despite more significant enterprise investment, enterprise security effectiveness has declined by 13%.
Businesses often fail to consider that their increased investment in security technology often creates toolset sprawl, which introduces complexity that degrades their ability to detect and manage threat vectors.
More layers of security seem, in theory, like a good thing – in fact, the average enterprise deploys over 45 unique pieces of security-related technology across its networks. Yet, according to IBM, organizations that deploy over 50 tools are 8% less effective in detecting threats than companies employing fewer toolsets or one provider managing the entire ecosystem.
Security talent is challenging to hire and retain
Cybersecurity: The Insights You Need from Harvard Business Review