To optimize cybersecurity budgets, Kaspersky recommends products with Advanced Anomaly Control, such as Kaspersky Endpoint Detection and Response Optimum.
In a recent study conducted by Kaspersky, a prominent global cybersecurity and digital privacy company, it was revealed that 15% of companies worldwide have fallen victim to cybersecurity incidents in the past two years due to inadequate investment in cybersecurity.
The study highlighted that critical infrastructure, oil & gas, and energy organizations bore the brunt of these incidents, underscoring the impact of improper budget allocation in these sectors.
Alarming Financial Realities: Budget Constraints Across Industries
The research shed light on the financial challenges faced by companies globally, with one in five admitting they lack the budget for robust cybersecurity measures. Critical sectors such as telecommunications, transport & logistics, and financial services reported cyber incidents at rates of 13%, 8%, and 8%, respectively, all attributed to budget constraints.
Global Response and Future Investments
Despite the financial challenges, 78% of respondents indicated that their companies are well-equipped to handle or stay ahead of emerging threats. However, 21% acknowledged struggling with insufficient funds for adequate cybersecurity infrastructure protection. Notably, 3% of companies admitted having no dedicated budget for cybersecurity.
Evolving Strategies: A Shift towards Strengthening Cybersecurity
A significant portion of respondents expressed a commitment to fortify their cybersecurity measures in the next 1-1.5 years. The study identified key areas of planned investment, with 39% of companies allocating budgets for educational programs aimed at cybersecurity professionals and 38% focusing on training general staff. Other popular measures include implementing threat detection software, endpoint protection software, hiring additional IT professionals, and adopting SaaS cloud solutions.
Expert Insights from Kaspersky
Ivan Vassunov, VP, Corporate Products at Kaspersky, emphasized the importance of aligning cybersecurity investment with business strategy. He highlighted Kaspersky’s efforts in developing advanced solutions, including SASE, XDR, and MDR with integrated AI and machine learning. Vassunov stressed the need for transparency in processes and providing C-level dashboards and reports to showcase the value of cybersecurity solutions.
Maximizing Budgets with Kaspersky’s Recommendations
To optimize cybersecurity budgets, Kaspersky recommends products with Advanced Anomaly Control, such as Kaspersky Endpoint Detection and Response Optimum. The company’s diverse offerings cater to enterprises of varying sizes, with Kaspersky Endpoint Security Cloud designed for smaller entities. Additionally, Kaspersky offers comprehensive training programs, from security awareness for employees to expert training for cybersecurity teams.
Conclusion: Navigating the Cybersecurity Landscape
The study underscores the critical need for companies to align cybersecurity investments with strategic objectives. As cybersecurity threats continue to evolve, organizations must adopt modern approaches and technologies to stay ahead of these incidents. Kaspersky’s recommendations and insights provide a roadmap for companies seeking to navigate the complex cybersecurity landscape while ensuring optimal use of their budgets.