Security News > 2023 > March > Even after armed with defense tools, CISOs say successful cyberattacks are ‘inevitable’: New study

Tom Gillis, senior vice president for Cisco Security, said enterprises are in the midst of a strategic shift away from security through collections of individual software security tools and cloud solutions for securing assets.

"For decades, new problems in security have arisen and small companies come up with innovative solutions to address these. But buying individual best-in-breed solutions from new vendors puts the burden on the customer to ingest all of these solutions and integrate them," Gillis said.

Cisco's study shows that 85% of security leaders plan to increase their cybersecurity budget by at least 10% over the next 12 months - but not on a piecemeal collection of tools.

"The majority of people have been spending money on security solutions for decades and putting very good technologies and innovative solutions to work," said Gillis.

Among the companies that are still deploying network security solutions, 50% said they are planning to roll them out within the next 12 months.

Gillis said it's important to note that companies self-reported for the study and that the variance points to the key issue with mature security frameworks: companies in some South American or South Asian nations, for example, are young, started building out platforms more recently, and therefore are better positioned to deploy security solutions across their assets and infrastructure.

News URL

https://www.techrepublic.com/article/even-with-cybersecurity-tools-deployed/