Cybersecurity is failing due to ineffective technology and cost

 In this new digital age, where more and more work is done remotely, we are increasingly exposed to attacks by cybercriminals. Recent research has revealed that the cybersecurity market is failing due to ineffective technology. The Debate Security investigation was based on more than 100 in-depth interviews with business leaders and CISOs ( Director of Information Security ) responsible for the security of the most important organizations. Today, in this article, we show a summary of his conclusions.

The report gives us an overview of the efficiency problems in the cybersecurity market, these problems are mainly due to economic problems, and not to technological problems.

The problem of cybersecurity is economic

This study found that 90% of highly qualified respondents believed that one of the main causes of this problem was that the technology was not as effective as it should be in protecting organizations from cyber risks.

At the moment, confidence in technology to solve problems is low. What is worrying is that, when asked how they evaluate cybersecurity performance and effectiveness for companies, there was no consensus and each had a different opinion on the subject.

Currently, there has been a strong focus on improving people to avoid human error and improve processes. However, one thing that is not positive is that the ineffective technology was accepted as normal and inevitable.

92% of the participants reported that there is a rupture in the market relationship between buyers and suppliers. In addition, few buyers today use detailed, independent assessments of cybersecurity effectiveness as part of their cybersecurity procurement process. In addition, the largest companies commented that they did not have enough resources to carry out all the evaluations on their own.

As a result, vendors tend to focus on other product features, such as marketing, and neglect the effectiveness of cybersecurity technology to some extent. This is one of the ways in which cybersecurity is failing.

How to improve cybersecurity

A relevant aspect to comment is that companies are spending more and more safely. This graph appears in the report, which shows the increase in cyber security costs in recent years.

Despite the fact that every year companies invest more in cybersecurity, this is not reflected in the same measure. Thus, it can be seen that cybersecurity is failing due to the use of ineffective technology. the solution happens because buyers demand greater efficiency . However, as this is not always the case, regulation can be made the only way around the problem.

How a computer technician can solve your cyber issues?

Therefore, many participants in the combined report that coordinated action among all stakeholders can only be achieved through regulation . However, some respondents were hopeful that coordination could be achieved through sectoral associations.

Another interesting fact is that 70% of those surveyed believe that an independent and transparent assessment of the technology would help to improve the current situation.