Page 84 - Cyber Defense Magazine for August 2020

Why Are Fully Staffed Cybersecurity Teams Unable to

Keep Up with Hacks?

By Steve Salinas, Head of Product Marketing, Deep Instinct

Faced with mounting cyber threats, large enterprises are devoting more resources than ever to improving
their cybersecurity posture. According to a Cisco survey released last fall, 93% of enterprises with 10,000
or more employees spend more than $250,000 annually on cybersecurity, with half spending over $1
million each year.
The return on those investments leaves much to be desired. A 2019 report from Accenture and the
Ponemon Institute found that security breaches had increased 11% since 2018 and had spiked 67%
since 2014. Some experts ascribe the problem to woefully understaffed cybersecurity teams – but even
fully staffed, highly experienced cyber teams are encountering hacks they can’t fully prevent or contain.

The real culprit isn’t necessarily the size of the typical organization’s cybersecurity staff, but the outdated
tools and operational methodologies many of these teams use. As hacks grow more frequent and more
complex, organizations should rethink the tools and technologies they’re using to meet the threat.

Cyber Defense eMagazine – August 2020 Edition 84
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