Top Cybersecurity Investment Trends to Watch in 2024
As the threat of ransomware and cyberattacks continues to grow, organizations are rethinking their cybersecurity strategies, budgets, and processes to strengthen their cyber position and improve their ability to mitigate hackers.
However, some organizations are not evolving fast enough. A recent study by ThoughtLab and co – sponsored by Elasticsurveyed $ 1,200 organizations around the world with a combined $ 1.2 billion in cybersecurity spending; the report shows that 41 percent of executives and 46 percent of information directors believe that their organization’s cyber risk initiatives are not in line with broader digital transformation efforts.
“Cybersecurity is no longer just a computer problem: it is a strategic imperative for business and government and now a basic area of risk,” according to the study’s introduction. “However, many organizations are not prepared for what lies ahead,” the report continued, noting that the budgets of many companies “are not growing as fast as the cyber risks they face.”
Current investments in cybersecurity, however, will look very different two years from now. In the near future, e-mail security and distributed denial of service protection will remain among the major investments in cybersecurity technology. But it will take away the lion’s share of organizations ’budgets will soon be security information and event management, or SIEM, identity and access management, cloud workload protection, and the edge of the cloud. secure access server.
How many companies are looking to replace or improve their SIEM, Elastic CISO Mandy Andress this cloud will be an important factor. “As workloads migrate to the cloud, tracking cloud deployments becomes an essential part of the business,” according to Andress.
Learn more about how government and industry prioritize cybersecurity during Potomac Officers Club’s Club Reformulation of cyber stance around the forum for data collection, analysis and action on May 24th. Energy Department Information Director Ann Dunkin is scheduled for the conference. Register today to save your place!
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