In brief Let's start with the good news: according to a survey of security and business leaders, executives have become far more aware of the importance of cyber security in the past two years, better aligning security teams and leadership.
Now for the bad news: understanding and prioritizing cyber security hasn't led to smoother operations. If anything, it's been more of the same, cyber security firm LogRhythm wrote in its 2022 State of the Security Team report.
LogRhythm last issued its security team report in 2020, at which time only 43 percent of respondents said they received enough executive support for budget, strategy and buy-in necessary to stay safe.
In 2022, 83 percent say the same, which LogRhythm said indicates "a significant improvement in understanding." With that understanding has come more internal pressure to improve on security measures, as well as external pressure from partners and customers.
According to the study, which surveyed 1,175 security and business leaders, 91 percent of companies have been asked by customers to provide proof they meet specific security requirements, while 85 percent were asked the same by business partners.
Those standards aren't always being met, either: 67 percent of respondents said their business lost a deal "due to the customer's lack of confidence" in their company's security strategy.
Some of that uncertainty may be because of the problem of overlapping solutions, which 74 percent of companies said they were dealing with – down from 85 percent in 2020. Most of that overlap is accidental, too.
Despite accidental overlap, which LogRhythm said can lead to additional work and slower response times, deploying new security solutions was ranked as the third most popular priority for security teams, only beaten by improving defenses and reducing response time. ..
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