The number of cyber attacks on large companies continues to grow and is now at a point where increased stress, long hours and hard work are part of the daily routine for SecOps teams.
Trellix recently surveyed 9,000 security decision makers in large organizations (at least 500 employees) and found that the average company has to deal with approximately 51 cybersecurity incidents on a daily basis. Moreover, a third (36%) said they had to deal with up to 200 incidents a day.
As a result, two-fifths (40%) lost up to 10% of their revenues due to cyber attacks in the last 12 months alone.
To some extent, stronger cybersecurity solutions are exacerbating the problem. For nearly two-thirds of respondents (60%), security products are poorly integrated, preventing teams from being productive. Another one-third (34%) said they knew blind spots in their networks and endpoints (opens in a new tab). As a result, 60% said they were lagging behind the pace of evolution of various cybersecurity threats.
The Trellix report summarizes how “for many organizations” the key to solving this problem is to unify all of the different cybersecurity solutions into a single Extended Detection and Response (XDR) platform. However, this is a challenge as around two-thirds (63%) of those polled do not even know what XDR stands for (or have a “partial understanding” of it).
“This uncertainty has created confusion as to what exactly XDR is,” the report said. “32% called it a solution, 19% called it a feature, and 15% called it a product.”
Instead, Trellix sees XDR as an ecosystem capable of automating processes and prioritizing critical issues, detecting real-time threats across all vectors, improving efficiency by freeing staff time, and adapting security architecture to new threats. The company also says respondents using XDR reported shorter average incident response times, better visibility and visibility across all vectors, and “significant” cost savings.
By: Security information repository (opens in a new tab)