TRENDING
THREE-QUARTERS OF ANZ COMPANIES CHANGED SECURITY STRATEGY HAVING LOST DEALS DUE TO CUSTOMERS ’ LACK OF CONFIDENCE
LogRhythm Survey finding comes despite 81 % of security executives rating their cybersecurity defence as good or excellent .
New research from LogRhythm reveals that while most security executives in Australia and New Zealand view their cybersecurity defence positively , four in ten companies have lost deals due to customers ’ lack of confidence in their strategy in the last 18 months .
Eighty-one per cent of ANZ security executives rated their cybersecurity defence as good or excellent . Yet , 40 % of companies faced customer confidence issues , prompting over three in every four companies to adjust their cybersecurity strategy . Of companies that have lost deals due to customer confidence issues , 71 % indicated that it happened in the last 18 months . This highlights a disconnect between security executives and their customers on the effectiveness of their cybersecurity defence , suggesting gaps in meeting customer expectations for data protection .
The current threat environment in Australia and New Zealand demands an enterprise-wide approach with C-suite executives working closely with cybersecurity professionals to calibrate the risks and make well-informed , strategic decisions .
LogRhythm ’ s 2024 State of the Security Team : Navigating Constant Change Research Report explores the insights of security professionals around external factors affecting security strategy , alongside reporting capabilities and overall security communication
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