Top 10 Cybersecurity Challenges Enterprise Organizations Face

Welcome to the first in a series of blog posts where I'll dive deeper into the Top 10 Cybersecurity Challenges enterprise organizations face, as found in our recently released Cybersecurity Insights Report 2022: The State of Cyber Resilience.

Cybersecurity has become a major concern for businesses around the globe. The threat landscape continues to evolve at a rapid pace, and cybercriminals continue to develop new ways to exploit vulnerabilities in systems.

One of the key findings in the report stated that 87% of organizations surveyed had suffered a cyber attack over the past three years. In some ways, it's surprising as organizations continue to invest in cybersecurity tools. In other ways, it's not, as threats and threat actors have been increasing in sophistication. The pandemic added a social engineering element where attackers could play upon the public's fears.

Organizations Are Falling Short Of Their Goals & Face A Slew Of Challenges Mitigating, Detecting, & Responding To Cyber Threats

What's clear is that despite increasing investment and all the great work cyber professionals are doing, there are still some challenges organizations face in ensuring their cybersecurity posture is as resilient as it needs to be.

The report identified the following Top 10 Cybersecurity Challenges enterprise organizations face:

• Maintaining a pulse on new and emerging global cybersecurity threats
• Speed and complexity of digital transformation
• Utilizing the latest cybersecurity solutions (e.g., XDR)
• Lack of skilled cybersecurity professionals
• Solutions not customized to the types of risks we face
• Lack of integrated cybersecurity solutions
• Lack of ability to share threat intelligence cross-functionally
• Underutilization of frameworks to support investigations
• Lack of threat intelligence information
• Poor understanding of cyber risks

At first glance, it looks like it’s the same challenges the industry has been discussing forever. Organizations lack visibility or threat intelligence to help them identify threats; digital transformation has increased their ever-growing attack surface; the cyber skills gap is still an issue, and organizations are still working in siloed environments.

But there are also some new challenges. Organizations are struggling with implementing new technologies, like XDR, and are being hindered by the fact that those technologies are not customizable to each organization.

What it boils down to is that, in short, these challenges are contributing to the cyber incidents that are taking a financial toll on nearly all organizations. With losses from targeted cyberattacks, malware campaigns, phishing, insider threats, and associated data breaches running well into the hundreds of thousands of dollars per organization.

So, why haven't these challenges been resolved?

That's hard to pinpoint. Cyberattacks are becoming more frequent and damaging. Attackers and threats are becoming more sophisticated. New challenges will continue to rise and fall. Cybersecurity professionals need to adapt to keep up with the ever-changing threat landscape.

What’s clear is that cybercrime costs companies billions of dollars each year. In addition to financial losses, cyberattacks also put sensitive information at risk. Companies must take steps to prevent these threats before they happen.

In the coming weeks, we'll take a deeper look into each challenge and outline some ways to help mitigate those challenges.

In the meantime, download our new report to learn more.