Global Survey Finds Cyber Incidents Cost Organizations $3.7M on Average in the Past Year
Red Canary report shows security leaders face rising pressure to combat threats and secure complex technology stacks despite increased investments
Key findings:
- Budgets rise, but challenges remain: 80% of security leaders say they're spending more than ever on security – yet breaches and threats keep growing.
- Detection delays widen the risk window: Security teams are struggling to keep up as the attack surface has widened by 41% in the past 12 months, while 73% of security leaders say the time from detecting an attack to resolution has increased.
- Safeguarding identities is a must: 83% of security leaders say today's attackers don't break in – they log in, and they're harder to stop than ever. Identity and access management isn't enough.
- Skills shortage continues: 75% of organizations have skills shortages around intrusion detection and 72% around incident response.
"CISOs, like their peers in lines of business, know they need to augment their teams with AI and automation, but finding security products and services that deliver actual value is hard amidst all the hype and empty marketing," said
The role of AI in shaping future defense
AI is no longer an emerging technology – it's already become integral to security operations. In fact, 85% of security leaders say the real risk is being overwhelmed by the thousand missed threats that will get through if they don't automate more. However, security leaders are also weighing its advantages against the risks, citing the rise of AI-generated attacks that haven't been seen before as their top concern.
Further findings include:
- AI fears are exaggerated, but risks are real: 78% of security leaders say the talk of AI releasing a tidal wave of novel attacks is fear mongering, but 43% have already experienced an incident relating to their own AI tools.
- AI is already at work: Top AI use cases in security operations today include detection analytics (65%), intrusion detection (59%), and SIEM management (54%).
- Caution for the future: 75% of security leaders worry that while AI helps security teams work faster, it could ultimately reduce their ability to solve problems independently.
"AI is already transforming how security teams operate," said Beyer. "SOC teams are under immense pressure, and AI is giving security analysts the ability to cut through noise and respond to threats faster. AI works best as a force multiplier, augmenting human judgment rather than replacing it. The organizations that lean into this shift now will not only ease the strain on security analysts, but put themselves in the best position to anticipate emerging threats and stay ahead of disruption in an increasingly unpredictable environment."
Methodology
This research was conducted by
About Red Canary, a
Red Canary is a leader in managed detection and response (MDR). We serve companies of every size and industry, focusing on finding and stopping threats before they can have a negative impact. As the security ally for nearly 1,000 organizations, we provide MDR across our customers' cloud workloads, identities, SaaS applications, networks, and endpoints. For more information about Red Canary, visit: https://www.redcanary.com.
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SOURCE Red Canary