We’ve written extensively about the shortage in available cybersecurity talent for organizations looking to keep their data safe. While this makes sense particularly for small and midsized companies, a group of businesses often left out of the conversation are large enterprises. Common thought leads many to believe global, multi-billion dollar organizations have the resources to ensure they have the right people and technology to keep hackers out of their businesses.
According to a new report, this unfortunately is not the case. Particularly in the banking, finance and insurance industries – where budgets are more plentiful for counteracting cyberattacks than others – in-house security staff is still largely overwhelmed by the sheer scope of vulnerabilities they must track day in and day out.
How many vulnerabilities? Large enterprises reported they are managing more than one million vulnerabilities across all their systems at any given time. One million. Even if there are duplicate vulnerabilities spanning across common operating systems and applications, not all systems can be treated the same depending on what function they play within your IT environment.
This volume falls squarely on the backs of these security staffers, and they are struggling: the report found nearly 75 percent of teams surveyed are overwhelmed by the volume of vulnerability maintenance work assigned to them. Approximately 80 percent of security teams are overwhelmed by the volume of threat alerts they receive and must address on a day-to-day basis.
All of this, unsurprisingly, leads to stressed out security teams. More than half of security teams surveyed reported their stress levels are “Very High to High”. Less than 10 percent of security teams say their stress levels are low. The most stressed out industries include:
- Manufacturing: 60%
- Healthcare/Medical/Pharmaceutical: 59%
- Infrastructure: 50%
- Government: 50%
- Banking/Finance/Insurance: 47%
Throwing money at the problem clearly isn’t helping – the study found that three quarters of those surveyed experienced increases in their security budgets over the past year. Alert systems and other cybersecurity technologies do not work unless you have the people with the knowledge to utilize them well. More than half of alert tickets were misprioritized by the alert systems, according to the study. When alerts are misprioritized, it means that the legitimate threats fall through the cracks while you are busy trying to chase down bad leads. No wonder everyone is stressed out. No matter how much budget you have, the number of vulnerabilities and dearth of skilled cybersecurity professionals in the pipeline is leading to your data being put at risk.
Looking for a silver lining in all this bad news? US Cyber Vault has one – cyber defense as a service. Our seasoned intelligence team monitors and analyzes your data wherever it lives – on-premises or any cloud. US Cyber Vault can also provide next generation secure infrastructure as a service.
You and your team are busy with all the mission critical tasks that are what it is to run IT. Add to that ransomware, cryptolocker, worms, phishing attacks, your employees simply using bad password or even worse sharing them. As this study indicated, there are millions of entry points into your systems. Let our team monitor and analyze for you with our ex-military and three letter acronym team of threat agents.
Extend your team with SOC, analyst, intel, or incident response as a service. By having the best good guys on your side, threats are found faster and bad guys are stopped in their tracks and held accountable for their actions. We work hand-in-hand with state and federal agencies to prosecute attackers in the US and extradite those outside our borders.
To learn more about how you can destress your security team, save 90% on traditional cybersecurity costs and, most importantly, keep your company safe from cyberattacks, visit our website today.