The Rising Cost of Cybersecurity: A Perfect Storm

The Increasing Cost of Data Breaches

The cost of a data breach is rising, known cyberattacks are becoming more frequent, security expertise is in short supply, and the demand for connectedness — to deliver and act on even the most sensitive of data across all devices, and all the way to the network edge — is unyielding. A recent example that affects anyone who texts between Android and iPhone devices is the Salt Typhoon attack.

The Impact of Cyberattacks and Data Breaches

Meanwhile, industry and government regulations are tightening, demanding stricter proof of security measures and faster reporting. This has led to a growing need for responsible disclosure and open data, which is critical for customers and communities to fully understand the vulnerabilities that may impact them, as well as to ensure that the data necessary to make appropriate, informed decisions is widely available.

The Importance of Vulnerability Risk Management

Offering multiple remediation options, such as software updates and/or patches, and automated guardrails at all stages of the application life cycle including CI/CD and runtime mitigations, provides flexibility in addressing vulnerabilities across diverse environments. By combining these elements, organizations can create a comprehensive vulnerability risk management program that effectively mitigates security risks across their entire IT infrastructure.

Conclusion

In conclusion, the rising cost of cybersecurity is a perfect storm of increasing costs, frequent cyberattacks, and a shortage of security expertise. To mitigate these risks, organizations must prioritize responsible disclosure and open data, and implement comprehensive vulnerability risk management programs that address vulnerabilities across their entire IT infrastructure.