The vast majority of IT security budgets are allocated to preventing security breaches. However, Gartner predicts that by 2020, 60% of enterprises' information security budgets will be allocated for rapid detection and response approaches, up from less than 10% in 2014. This is because Enterprises are overly dependent on blocking and prevention mechanisms that are decreasingly effective against advanced attacks. Comprehensive protection requires an adaptive protection process integrating predictive, preventive, detective and response capabilities.
So how do organisations manage the challenges they face when migrating from the increasingly ineffective prevention methodologies to focus on detection and incident response?
There are two main technological developments that are driving this migration - Cognitive/AI and Big Data Analytics.
The following two predictions were made by IDC in 2017:
• By 2018, 70% of Enterprise Cyber Security Environments Will Use Cognitive/AI Technologies to Assist Humans in Dealing with the Vastly Increasing Scale and Complexity of Cyber threats.
• By 2017, 50% of Enterprise Customers Will Leverage Analytics as a Service to Help Solve the Challenge of Combing Through Security-Related Data and Events.
Add to this the increased reliance in Managed Security Services (predicted to grow at 10%+ CAGR to 2021), and it is clear that CISOs are looking outside their organisations for a solution.
At Zinopy we are already seeing this migration – the number of our customers using our Managed Security Services (MSS) to assist them with monitoring their security posture and assisting them to take a predictive and responsive approach to security management is increasing exponentially.
To deliver this we have had to make significant investments in People, Process and Technology, but these investments are now paying dividends. We are one of Ireland’s leading IBM Security partners and their Machine Learning and Cognitive technologies (Watson) are the cornerstone of our inSIght Security Intelligence Platform. Access to this technology allows us to be flexible and agile to respond to the ever changing threat landscape and deliver an effective solution to our customers to proactively protect against security breaches.
Read more about the benefits a Managed Security Services can bring to your organisation by providing visibility of your security posture and helping your business to meet key compliance requirements such as GDPR, PCI DSS and MiFID II.