Today, Critical Start, a leading provider of Managed Detection and Response (MDR) cybersecurity solutions and pioneer of Managed Cyber Risk Reduction (MCRR), announced the results of a commissioned study conducted by Forrester Consulting on behalf of Critical Start, which found that 81% of surveyed security and risk leaders agree their organization’s cyber risk management approach is inadequate and 97% agree their organizations need to be more proactive in the way it manages cyber risk. The study highlights insights from security executives around the current state of cyber risk management in enterprise organizations and priority investments companies are making to improve security management.
“Amidst the challenges posed by the evolving threat landscape, coupled with the strains of staffing shortages and limited organizational security visibility, the effective management of cyber risk has become an increasingly formidable task,” stated Randy Watkins, CTO of Critical Start. “We believe Forrester’s research highlights the desire for organizations to be more proactive in the way they manage cyber risk. As demand for assistance in understanding, intelligently prioritizing, and addressing cyber risk grows, we anticipate a surge in collaborations with third-party experts like Critical Start to help.”
Effective Cyber Risk Management and Reduction Requires a Holistic Vision and Strategy
Security teams are looking for ways to improve visibility of their organizational cyber risk, including areas such as asset inventory, security controls, and incident response plans. Without a clear view of risks, 39% of leaders reported being unable to connect risk reduction metrics to key business strategies and investments.
Limited organizational visibility, in addition to the constant need to address cyber threats, typically results in cybersecurity teams struggling to become more proactive with their security programs.
With 92% of respondents agreeing their organization needs…
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