Intelligent CIO Middle East Issue 97 | Page 21

LATEST INTELLIGENCE
And increasing infrastructure size and complexity make it more difficult to identify vulnerabilities and verify breaches .
Most security tools do not integrate with each other , resulting in more manual work for security staff . Correspondingly , incident investigation and response times are increasing . In 2019 , the average time to identify and contain a data breach was 279 days , up 4.9 % from 2018 . And it ’ s hard to find new talent to expand teams and keep up ; 39 % of organizations reported a shortage in cyber security skills in 2019 . Finally , budgets for cyber security activities are limited . Only 33 % of organizations report having sufficient funding to achieve a high level of cyber resilience .
• US $ 3.92 million average cost of a data breach in 2019
• 279 days average time to identify and contain a data breach in 2019
• US $ 1.22 million savings in costs if a breach can be identified and contained in 200 days or less
• 29.6 % likelihood of experiencing a breach within two years
• 50 % proportion of legitimate threats that are remediated p
Consequently , typical security teams only review and respond to 48 % of the alerts they receive and only 50 % of legitimate threats are remediated . This leaves many organizations vulnerable to attack .
Impacts of ineffective security
The number , severity , and cost of security breaches continue to grow .
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