What Cybersecurity Gets Wrong
InformationWeek, Tuesday, September 12,2023
Cybercrime cost Americans $10.3 billion in 2022, according to the FBI's IC3 report. The average cost of a breach globally was $4.45 million in 2023, per IBM's Cost of a Data Breach report. And the total cost may be as much as $8 trillion around the world this year.
Cybersecurity is clearly getting something wrong.
Cybercriminals, of course, are constantly adapting, so we can't lay all the blame at the feet of the industry that is supposed to defend us from them. At the same time, though, many organizations are falling behind -- floundering as they try to address the latest threats or simply ignoring them and hoping for the best.
Even proactive CISOs are limited by budgetary constraints and operational inefficiencies. Bristling arsenals of security solutions are deployed in a haphazard perimeter, leaving plenty of gaps for motivated hackers to exploit. And staffing shortages don't help. ISC2's 2022 workforce study indicates a need for 3.4 million more cybersecurity professionals.