CISO Insights on Closing the Cybersecurity Preparedness Gap

Today’s evolving cyber threat landscape is a formidable one. Despite global information security spending expected to reach a projected $215 billion in 2024, organizations are losing ground in the security arms race to threat actors. Over half (54 percent) of Security and IT leaders claim to be strongly prepared to identify threats across their hybrid cloud infrastructure but continue failing to detect breaches.

In the last 12 months, more than 1 in 3 organizations (37 percent) failed to detect a breach using existing security tools, rising from 31 percent in 2023. Ever-more complex hybrid cloud environments are increasing cyber risk by expanding the attack surface and introducing visibility challenges, and as hybrid cloud infrastructure continues to evolve, scale, and adapt to facilitate AI deployments, the danger will only continue to grow. At this turning point in enterprise IT infrastructure, how can CISOs best approach closing their cybersecurity preparedness gap?

We surveyed over 1,000 Security and IT professionals across Australia, France, Germany, Singapore, UK and USA to publish our 2024 Hybrid Cloud Security Report: Closing the Cybersecurity Preparedness Gap. You can read the full report [here] but this executive summary delves specifically into the insights of more than 230 CISOs globally to understand the key issues and priorities facing this critical role. The findings reveal: