When it comes to cybersecurity, more is not always better. As new solutions have emerged in response to rapidly evolving technology and increasingly sophisticated cyber attacks, SOCs have added tool after tool to their arsenals.
It’s no surprise that organizations are pouring resources into their security approaches, from investments into hardware and software and significant increases in Cybersecurity professional hiring. In fact, industry watchers expect organizations globally to contribute to $1.75 trillion in cumulative spending on Cybersecurity between 2021 and 2025.
An annual Harvey Nash Group/KPMG survey of CIOs and other IT leaders revealed that companies spent about $15 billion more each week in the early part of 2021 on work-from-home investments, a figure that represents one of the largest upticks in tech investment in history, according to Harvey Nash/KPMG.
Chief Information Security Officer and Chief Privacy Officer for the City of Phoenix, Shannon Lawson, shares in this Toggle Magazine article the city’s back-to-basics approach for cybersecurity using MixMode’s AI-powered platform for security information and event management, user and entity behavior analytics, network traffic analysis and network detection and response.
Monthly reports that lack relevant details about an organization’s true risk level are insufficient and not representative of the further steps an organization should take to protect itself. This approach leaves organizations feeling secure against the threat of ransomware while they are actually left exposed to potentially expensive, wide-scale damage.
MixMode, the leader in AI-driven, real-time anomaly detection for Cybersecurity, has formally joined the 5G Open Innovation Lab’s (“5GOILab”) Fall 2021 program. The Lab is supported by its founding and corporate partners which include Amdocs, Dell Technologies, F5, Intel, Microsoft, NASA, T-Mobile and VMware.
2020 will be remembered most as the year the world was swept up in the COVID pandemic. Dig a little deeper and you’ll find another alarming news story: 2020 was a record breaking year on the Cybersecurity front. There was more data lost in breaches and a higher number of cyber attacks than ever before.