Fragmented cybersecurity is costing businesses billions, and putting them at risk

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David Wilson
Tue, 04 Feb
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Businesses are grappling with the financial impact of fragmented cybersecurity solutions, losing an estimated 5% of their annual revenue, according to a new report by IBM and Palo Alto Networks. The research emphasizes how leaders are struggling to balance cost-cutting measures with maintaining strong security postures. A significant portion of executives (52%) cite the hindrance caused by fragmented solutions in terms of innovating and managing cyber threats effectively. The report underscores the urgent need for better security integration to facilitate digital transformation and governance. Moreover, the study highlights the push for reducing security costs while enhancing security postures, with complexity identified as a key challenge impeding cybersecurity operations. Platformization emerges as a solution, enabling organizations to consolidate tools into a unified platform and potentially gain up to four times better return on their cybersecurity investments. Partnerships and ongoing education are crucial in navigating the evolving cybersecurity landscape, with a call to action for businesses to proactively enhance their security operations.

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