Why 2021 Will Be The Year Of Adaptive Cybersecurity

Following all the 2021 predictions, it’s now survey season. There’s no surprise here but some quote worthy stats…:

  • 96% of enterprise executives say they are adjusting their cybersecurity strategies due to Covid-19 and half are now considering cybersecurity in every business decision.
  • 71% plan to incorporate cybersecurity, including early detection of cyber risks, more into their company-wide enterprise risk management strategies according to PwC.
  • 55% are seeing their cybersecurity budgets increase in 2021 over 2020, with more automated, adaptive cybersecurity being the goal for this year.
  • 451 Research shows a 19.2% jump in adaptive cybersecurity capabilities in the next two years, leading all categories in a recently published Autonomous Digital Enterprise (ADE) Competitive Index, commissioned by BMC Software.

The first three above and many other fascinating findings are from PwC’s 2021 Global Digital Trust Insights: Cybersecurity Comes of Age. PwC’s latest research is noteworthy in its findings of how cybersecurity needs to become more adaptive using new technologies, including artificial intelligence, machine learning, behavioral analytics, multi-factor authentication, crowdsourcing and security-integrated DevOps (DevSecOps). Based on interviews with 3,249 business and technology executives worldwide, the research reflects how cybersecurity is more of a business than a technology decision. Please see page 40 of the study for the methodology.  Key insights from the study include the following:

  • Adaptive Cybersecurity strategies deliver the greatest gains in large-scale enterprises with annual revenues of $10 billion or more, according to PwC’s study. Executive respondents from the world’s largest companies say that they’re seeing gains in their integrated use of security models and technologies, including Zero Trust, Managed Services, virtualization and accelerated cloud adoption. The following graphic compares the relative levels of adoption and benefits gained from technology, architecture and automation implementations across all enterprises interviewed by PwC for its Global Digital Trust Insights survey.
  • 40% of all executives PwC interviewed plan to increase their resilience testing in 2021 to ensure core business functions stay up and running. The majority expect five types of cyber-attacks to dominate 2021. A foundational element of Adaptive Cybersecurity is ensuring the continued resiliency of an enterprise to continue serving customers and generating revenues in the process. Enterprise executives managing cybersecurity spending and budgets predict five types of events will dominate this year’s cybersecurity landscape. They include cyberattacks on cloud services, ransomware breaches, disruptionware attacks on critical business services, state-sponsored attacks on critical infrastructure and major disinformation campaigns. The following graphic compares the scaled impact by scaled likelihood based on respondents’ perception of relative risk.

The PwC Global Digital Trust Insights: Cybersecurity Comes Of Age survey found that executives who own IT and cybersecurity budgets plan to rely on Adaptive CyberSecurity to guide business decisions more than ever before. Fifty percent of all executives say cybersecurity and privacy will be backed into every business decision or plan in 2021 and 44% are creating a new process for cybersecurity budgeting and appending. Forty-four percent also say they are pursuing a more granular quantification of cyber-risk this year.

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