Trellix has released some global research revealing that Australian businesses are being inundated by cybersecurity incidents, with an average of over 55+ alerts daily, the highest average in the Asia Pacific region.
According to the research of cybersecurity professionals, including 1,000 from Australia, 60% of respondents feel like they’re losing ground against cybercriminals.
Security operations (SecOps) teams are faced with “siloed” security tools, exposing weak spots in protection and lacking confidence in their organisation’s ability to adapt to new and evolving threats.
Impacted by ongoing challenges with siloed security, 61% of cybersecurity professionals say their current security tools don’t enable their SecOps team to work with maximum efficiency. In addition, 35% recognise they have blind spots in their protection. Failure to consolidate tools impacts efficiency and can hinder these teams’ detection, response, and remediation capabilities, reducing the overall effectiveness of cybersecurity strategies.
Research also revealed that 62% of cybersecurity professionals are working with more than 10 different security tools/solutions across their business, with more than 20 tools for 6% of respondents, highlighting a greater need for integration across businesses.
85% of respondents report their business has lost up to 10% of revenue due to security breaches in the last 12 months.
Despite this, more than half (54%) of respondents recognise the need for their security models to be updated to predict, detect and respond to cybersecurity incidents in real-time.
“What Australian organisations must realise today is that siloed security models are a catalyst for inefficient cybersecurity protection and can consequently impact their bottom line,” says Vicki Batka, Senior Vice President, Asia Pacific and Japan, Trellix.
“It is clear from our research that SecOps teams need support to help them combat the growing and relentless attacks we see from cybercriminals. Introducing open security architecture will assist these teams, helping them to learn and adapt to new threats in real time. A core competency of XDR is to deliver greater operational efficiency and quicker remediation of threats, ridding businesses of their reliance on disjointed systems.”
According to the research, a quarter (25%) of respondents have implemented XDR in their business, with an additional 42% saying it is likely they will also implement XDR in the next 12-18 months.
Of those respondents who have already implemented XDR in their organisation, over half (53%) feel the ability to automate processes and prioritise critical concerns is a significant benefit, followed by real-time detection (58%), operational efficiency (48%), adaptive security (39%) and quick remediation (39%).
“Trellix brings you a living XDR architecture that adapts at the speed of threat actors and delivers advanced cyber threat intelligence. We’re changing what security means and what it can do, giving everyone in your organization the confidence that comes with being more secure, every day,” says Trellix.