FINAL WORD
Smaller organisations are more than twice as likely to lack the cyber resilience to meet the minimum critical operational requirements .
The cybersecurity landscape is undergoing rapid change , as the frequency and sophistication of cyber threats increases . Estimates suggest that worldwide spending on security and risk management will reach $ 215 billion in 2024 , underscoring a desire for organisations to build defences . However , putting in place strong defences to protect against an ever-changing threat landscape is a significant challenge .
The Global Cybersecurity Outlook
2024 report from the World Economic Forum , WEF details how the current threat landscape requires organisations to procure comprehensive support to fortify their cybersecurity .
The channel is well placed to offer this support , providing the technologies required to build layered protection , while also offering expert consultancy to advise on the best choice of solution to fit the specific customer requirements , integrating with existing infrastructure . The channel can also facilitate ongoing training and user education , which is especially important in a fast-moving threat landscape .
Here are four challenges , flagged by the Global Cybersecurity Outlook , the channel can help address .
Skills shortage
Amid rising threats , organisations must urgently attract and retain cybersecurity talent . However , the skills shortage has reached a critical level . Findings from the UK Government show that 50 % of all UK businesses have a basic cybersecurity skills gap .
Taking this a step further , the Global Cybersecurity Outlook states , about the global landscape , that the pool of available professionals is already too small , and the pipeline of rising talent is woefully dry . Yearon-year , more organisations lack the right number of people with the right skills to meet their cyber-resilience objectives .
With a lack of skilled professionals , businesses cannot easily implement and maintain robust cybersecurity measures nor identify and triage threats or vulnerabilities in real-time .
Cyber inequity
Cyber inequity is a growing concern . The WEF report explains that in 2022 , the cybersecurity economy grew twice as fast as the world economy . In 2023 , it grew four times faster . But while cyber resilience investment is on the rise , rapid innovation can create significant gaps between the haves and have nots . Organisations with limited in-house expertise and resources and will struggle to keep pace , threatening the integrity of business systems and data .
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