What You Need to Know about the Cybersecurity Market in 2024
ISG identifies the following developments in the market in its IPL™ Cybersecurity Solutions and Services 2023 study.
ISG understands the complexity of your organization and its partner ecosystem – which is why we take a holistic approach to bolstering your cybersecurity now and in the future.
ISG can help you:
In an increasingly connected economy, the importance of cyber security and risk management rises. You need to validate, re-orient and re-align your cybersecurity strategy.
Assess your capabilities and maturity with an ISG assessment built off of industry-leading frameworks (e.g., NIST CSF, CIS Top 20, ISO) and market-leading benchmark data. We’ll help you baseline your maturity levels and develop transformational roadmaps to move up the maturity curve.
Outsourcing cybersecurity tools and services on a stand-alone basis or as embedded services can be essential in times of scarce resources and increasing professional and advanced persistent threats.
When sourcing operational services, your chosen partner’s compliance with your corporate information security controls, policies and standards impacts your cyber security’s resilience. Managing your transaction and transition means carefully segregating duties between your organization, your partner and its internal governance.
Re-directed strategy, digitization approaches and sourcing of services and tools let you achieve the expected value leveraging holistically managed transformation measures. Digital tools and services improve efficiency and lower failure rates. End-to-end business processes and connected or digital products require extra-vigilant security protocols.
ISG knows the market best practices. We’ll enable your successful digital transformation with a cyber security operations and management model.
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Learn MoreTo protect their digital assets and drive business growth, they need a new approach to security: Continuous Threat Exposure Management (CTEM). CTEM software continuously monitors and manages the enterprise’s exposure to cyber risks, enabling a swift and effective response to any security incident. In this analyst perspective, we will explore how CTEM software works, why it is essential in today’s IT landscape and how it can align with broader business objectives.
The year 2022 saw multidimensional challenges, which helped revolutionize the U.S. cybersecurity market from different perspectives. In that year, the U.S. witnessed more than 1,800 reported breaches, which was slightly lower than in 2021, which saw 1,862 incidents. However, the sophistication of the attacks was significantly higher in 2022, with more than 422 million individuals impacted compared with 298 million in 2021. The decline in breaches was partially due to federal laws that issued rulings to report only during actual damage and not for a potential one. While most large firms issued a breach notice, the notices had little to no information on the extent and impact of the attacks. Industry sources cite that the average time to identify a breach is about 207 days, which is almost half a year; the impact of the breaches is either unknown or not investigated further.
Digital transformation demands the integrity of information, beyond reasonable – and sometimes unexpected – doubts. But few enterprises want to become – nor do they have the resources – to become digital security experts. Use our research to understand what is working and why, align spend on digital security, and make rapid improvement to achieve risk-adjusted value while making optimal decisions.