TRENDING explaining the need for a specific security solution to non-security stakeholders , often fail to report on key operational metrics that determine the measurable impact of security investments and strategy adjustments . To this end , security reports mostly focused on critical data like breaches ( 69 %), incidents ( 62 %) and time to respond ( 56 %), Other security operational metrics , such as time to detect ( 49 %) and time to recover ( 23 %) are featured less significantly in these reports .
Moreover , the majority of security teams are still relying on manual and time-intensive approaches to share security status information , including static reports ( 75 %), meetings ( 84 %), and emails ( 62 %). This highlights a concern , given that to maintain effective communication , security teams need to be armed with improved case management metrics and advanced analytics to make informed decisions quickly .
“ 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 wellinformed , strategic decisions , while allocate the necessary financial and technical resources to protect the organisation , its employees and customers ,” said Matthew Lowe , ANZ Country Manager , LogRhythm .
“ This latest research reflects the ambitions of local enterprises to keep ahead of the threat actors pace while continuing to advance their digitisation efforts by ramping up their cybersecurity investments . However , the data also shows that business leaders face challenges in being able to measure and communicate the value and impact of cybersecurity investments , despite increasing budgets .
“ We encourage business leaders to enhance collaboration opportunities between security and non-security teams and foster a shared learning of each team ' s requirements and responsibilities to streamline and enhance overall operational efficiency across different departments .
Greater investments in cybersecurity solutions can also be complemented by employing more automation technologies for everyday business activities such as reporting , which will free up valuable time to focus on higher-value work and result in more benefit to the enterprise overall . p
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