The report highlights challenges and opportunities for security teams to defend against the relentless evolution of cybercrime and shifting attack modes.

Cisco published their 10th annual Cybersecurity Report (ACR) that highlights the latest IT security trends and advances designed to help organizations and users defend against attacks. The report surveyed nearly 3,000 CSOs and security operations leaders from 13 countries.

The report reveals, that over one-third of organizations that experienced a breach in 2016 reported substantial customer, opportunity and revenue loss of more than 20 percent. Chief Security Officers (CSOs) cite budget constraints, poor compatibility of systems, and a lack of trained talent as the biggest barriers to advancing their security postures and to preventing these losses. Leaders also reveal that their security departments are increasingly complex environments with 65 percent of organizations using from six to more than 50 security products, increasing the potential for security effectiveness gaps.

Watch Cisco Chief Security and Trust Officer John N. Stewart and David Ulevitch, Vice President and General Manager of Cisco’s Security Business Group discuss key insights and findings from the Cisco 2017 Annual Cybersecurity Report. 

 

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