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Now Available: CyberEdge 2019 Cyberthreat Defense Report

CyberEdge Group, the leading research and marketing firm serving the security industry’s top vendors, today announced the availability of its sixth annual Cyberthreat Defense Report (CDR), sponsored by Edgeworx Solutions Inc. New this year, the report found that IT security’s greatest inhibitor to success is contending with too much security data. To address this challenge, 47 percent of respondents acknowledged their organization’s intent to acquire advanced security analytics solutions that incorporate machine learning (ML) technology within the next 12 months. Such investments help to mitigate the risks of advanced cyberthreats missed by traditional security defenses, aiding enterprise cyberthreat hunting endeavors.

Edgeworx Solutions is proud to sponsor CyberEdge’s 2019 Cyberthreat Defense Report.

Now in its sixth year, this report provides a comprehensive review of the perceptions of 1,200 IT security professionals representing 17 countries and 19 industries. Key insights from this year’s report include:

  • 78% of networks were breached last year

  • 56% of organizations were compromised by ransomware last year

  • 84% of IT security budgets are rising

  • 13% of a typical enterprise IT budget is spent on security

  • 81% agree that ML/AI technology helps defeat advanced threats

  • Malware, ransomware, and spear-phishing cause the most headaches

  • Nearly half of ransomware victims succumb to paying ransoms

  • ‘Application containers’ and ‘mobile devices’ are this year’s weakest links

  • ‘Too much data to analyze’ is the greatest inhibitor to IT security’s success

  • ‘Security analytics’ is the most-wanted security technology for 2019

The Cyberthreat Defense Report provides the most geographically comprehensive view of IT security perceptions in our industry. Download your complimentary copy now!

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