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Study Reveals Major Security Challenges Companies Face

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Panaseer, a Continuous Controls Monitoring platform for enterprise cybersecurity, recently revealed the results of its study conducted by Forrester Consulting. The study, named Cybersecurity Requires Controls Monitoring to Ensure Complete Asset Protection, uncovered the biggest challenges facing security leaders.

The findings are based on the responses from over 250 senior security decision-makers from organizations ranging from 3,000 to over 25,000 employees, in North America and Europe.

According to the survey, 86 percent of security leaders are confident that they have no gaps in their security controls deployed across devices, applications, people, and data. Also, 64 percent of companies are making it a priority to implement a risk framework aligning cybersecurity risk and enterprise risk.

The survey opined that the difficulty of today’s IT infrastructures is making it difficult for security leaders to protect their networks. Around 97 percent of the companies experience troubles with their security tools as they use a traditional approach to prevent cybersecurity threats.

According to the survey, the biggest challenges that security pros face with their security tools are: Controlling coverage gaps across security levels; controls do not meet regulatory and compliance policies; getting a real-time view of corporate risks; tracking performance of security controls over time; and Collecting, normalizing, aggregating, deduplicating, and correlating disparate data.

“Rightfully, companies are prioritizing their security and risk initiatives and investing in multiple technologies. Unfortunately, technology investments have provided a false sense of confidence in their security posture. Security leaders must understand that a proactive approach to cybersecurity requires the right tools, not more tools,” the study cites.

“Traditional security tools are insufficient for proactive cybersecurity as they don’t provide a complete, real-time view of cybersecurity risk. Threats are becoming more advanced, attackers savvier and regulation is tightening. This has created a clear market requirement for automated continuous controls monitoring, a new category of solution that provides real-time visibility of assets. The ability to make informed operational security decisions based on trusted security data and metrics will enable security leaders to have real and validated confidence that the company and customer data is protected,” said Nik Whitfield, CEO of Panaseer.

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