Seventy-six per cent of organisations in the UAE responded that they are equipped to stay ahead of new cyber threats, Kaspersky revealed.
Kaspersky conducted a study to discover the opinions of IT Security professionals working for SMEs and enterprises worldwide regarding the human impact on cybersecurity in a company. The research – aimed at gathering information on various groups of people who influence cybersecurity – considered both internal staff, and external contractors. It also analysed the impact decision-makers have on cybersecurity in terms of budget allocation.
When asked about the budget for cybersecurity measures, 76% of respondents in the UAE said they are equipped to keep up with or even stay ahead of new threats. However, 20% of companies are not doing so well. Whereas, 18% of them reported that they don’t have sufficient funds to protect the company’s infrastructure properly. At the same time, there are still companies without cost allocations for cybersecurity at all – 2% claimed they don’t have a dedicated budget for cyber protection needs.
Ivan Vassunov, VP of Corporate Products at Kaspersky, said, “Today, companies must align cybersecurity investment with a business strategy and consider cybersecurity as one of their business goals. Of course, investments must justify themselves and be effective, so the information security department also faces the task of increasing the ROI of investments in information security and defending investments to senior management or the board of directors. Also, in addition to reducing mean time to detect (MTTD) and mean time to respond (MTTR), information security is tasked with reducing the cost of a security incident. These challenges can be met through the use of various modern approaches and technologies.
“For example, we are investing in developing our SASE portfolio as well as XDR and MDR with integrated AI, Machine Learning, automated detection and response, automated threat investigation, out of the box integrations and much more. To ensure process transparency and prove the value of our solutions, we also provide C-level dashboards and reports for CISOs, which include information on how many incidents we prevented, how quickly incidents were investigated, and the effectiveness of deployed cybersecurity solutions. We also highlight customer-specific risks, and show them trends particular to the industry to help them shape their cybersecurity by targeting their defenses around current dangers, and justify investments in the necessary technology,” Ivan added.
Furthermore, Kaspersky recommended the implementation of cybersecurity products with Advanced Anomaly Control, utilisation of easily manageable solutions, and much more as a cost-effective defence mechanism against these cyber threats.
