It’s no coincidence that Security is the fastest-growing IT technology and the fastest-growing risk to enterprises. Cybercrime damages are estimated to cost $10.5 trillion annually by 2025, and ransomware damage costs are predicted to be 15x higher by 2031, reaching $265 billion, compared to 2021.
There are by far more job openings than there are qualified people to fill them. This means these resources are hard to find and expensive to keep. And even if you have the expertise in-house, the threat landscape is so broad and dynamic, that it’s probably not enough.