73% of Security Professionals Say They’ve Missed, Ignored or Failed to Act on a High Priority Security Alert
April 17 2024 - 6:00AM
Business Wire
New survey from Coro reveals SME security
professionals are overwhelmed by their security workload; the time
spent managing, monitoring, and updating multiple tools in their
security stack takes focus away from critical security events
Coro, the leading cybersecurity platform for small and
medium-sized enterprises (SMEs), today announced the results of its
2024 SME Security Workload Impact Report, revealing that
cybersecurity professionals are overwhelmed by the complexity and
demands of managing multiple tools in their security stack, leading
them to miss critical severity events and weaken their company’s
security posture.
The survey was conducted with 500 U.S. cybersecurity decision
makers in companies of 200 to 2000 employees across a broad variety
of industry sectors. SME and midmarket companies are facing
increasing volumes and complexity of cyberattacks, yet lack the
resources and expertise for adequate defense. Cybersecurity is
typically handled by a company’s IT staff, who become quickly
overwhelmed by the complexity and responsibilities of managing
their company’s cybersecurity program.
According to the survey, 73% of SME security professionals have
missed, ignored or failed to act on critical security alerts, with
respondents noting a lack of staff and a lack of time as the top
two reasons. Respondents gave feedback on the most time-consuming
parts of their day, including monitoring security platforms,
managing and updating endpoint devices and agents, vulnerability
management or patching, and installing, configuring, and
integrating new security tools.
Key findings include:
- Respondents spend an average of 4 hours 43 minutes
managing their cybersecurity tools every day, with an average
11.55 tools in their security stack
- 52% of respondents said the most time consuming task was
monitoring security platforms, followed by vulnerability
patching
- Respondents estimated it takes 4.22 months for a new
cybersecurity tool to become operational; with equal time spent on
installation, configuration, training staff and integration with
their existing security stack
- On average, respondents manage 2029.91 end point security
agents installed across 655.92 endpoint devices
- More than half (53%) of respondents must deal daily or
weekly with vendors’ updates of these endpoint agents
The workload complexity facing security professionals, and the
overwhelming demands it places on already limited resources, are
driving SMEs and midmarket companies to consolidate their
cybersecurity tools. A staggering 85% of respondents say they are
looking to consolidate their tools in the next 12 months. The most
important benefit cited was improving their security posture.
"SMEs are stuck in a cybersecurity hell, constantly overwhelmed
by the thousands of alerts generated by their enterprise security
tools that do not fit,” said Guy Moskowitz, Coro CEO and
Co-Founder. “The reality is that enterprise security tools –
designed for large teams with endless resources – have failed SMEs.
With limited staff, SMEs struggle with the complexity of managing
their security, torn between budget constraints, limited resources,
and the need for much better security coverage -- this is mission
impossible. The most effective way for SMEs to escape this
cybersecurity hell is to adopt a single platform that covers the
entire security span and is designed to reduce workloads through
one dashboard and one endpoint agent.”
The SME Security Workload Survey was conducted on behalf of Coro
by OnePoll in late 2023. The results can be found here.
About Coro
Coro, the leading cybersecurity platform for the SME market,
revolutionized cybersecurity with the introduction of the world’s
first modular cybersecurity platform in 2023. Coro’s platform
empowers organizations to easily defend against malware,
ransomware, phishing, data leakage, network threats, insider
threats and email threats across devices, users, networks and cloud
applications. Coro’s platform automatically detects and remediates
the many security threats that today's distributed businesses face,
without IT teams having to worry, investigate, or fix issues
themselves. Ranked on the 2023 Deloitte Technology Fast 500, Coro
is one of the fastest growing cybersecurity companies in North
America today.
For more information, please visit Coro at coro.net, or via
LinkedIn, Twitter or Facebook.
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version on businesswire.com: https://www.businesswire.com/news/home/20240417590529/en/
Tila Pacheco Eskenzi PR for Coro tila@eskenzipr.com