Home » today » Business » The Impact of Budget on IT Security Incidents in the Manufacturing Industry: Kaspersky Survey

The Impact of Budget on IT Security Incidents in the Manufacturing Industry: Kaspersky Survey




Quelle: Elnur – Adobe Stock

The manufacturing industry is most commonly affected by cybersecurity incidents due to lack of budget, a new survey from Kaspersky shows. In the future, companies will primarily want to invest in education and training.

A recent study shows that a significant proportion of IT security incidents in Germany, namely 18 percent, are due to a lack of investment in cybersecurity Kaspersky survey. Nevertheless, a majority of 79 percent in this country believe that the existing budget is sufficient to keep up with new cyber threats or to stay ahead of them. On the other hand, 21 percent also say that their budget is not enough for this; 20 percent even lack the means to protect their company’s infrastructure from cyber attacks.

Increase in IT security incidents in the manufacturing industry

A European comparison shows that around one in seven IT security experts in companies in Europe (14 percent) had to complain about IT security incidents in the past two years due to a lack of investment in cybersecurity. The industry in Europe with the most incidents due to lack of finances is manufacturing. The areas of critical infrastructure (KRITIS) and the oil and gas industry are also severely affected by IT security budget restrictions. Other sectors to follow are:

  • Manufacturing industry: 22 percent
  • Critical infrastructure: 19 percent
  • Oil and gas industry: 19 percent
  • Information technology: 14 percent
  • Retail: 11 percent
  • Financial services: 10 percent
  • Telecommunications: 7 percent
  • Transport & Logistics: 4 percent

Future investments in training and education

Companies want to take further measures to strengthen their cybersecurity and invest accordingly. Respondents in Germany would like to invest in the following areas in the next 12 to 18 months:

  • Threat detection software: 41 percent
  • Adoption of SaaS cloud solutions: 39 percent
  • Training for cybersecurity professionals: 34 percent
  • Training for employees in general: 32 percent
  • Implementation of an endpoint protection solution: 30 percent

“Companies need to align their cybersecurity investments with their business strategy; “They need to consider cybersecurity as one of their business objectives,” explains Ivan Vassunov, VP Corporate Products at Kaspersky. “Of course, investments must be justified and effective, which is why the InfoSec department is faced with the challenge of increasing the ROI of investments in information security and justifying investments to senior management or the board. In addition to reducing MTTD and MTTR, information security also has the task of reducing the cost of a security incident – this is possible using modern approaches and technologies.”

SASE solutions reduce IT security incidents

Kaspersky is therefore committed to developing the SASE portfolio as well as XDR and MDR with integrated AI, machine learning, automated detection and response, automated threat investigation or out-of-the-box integrations. Ivan Vassunov comments: “With our solutions, we provide CISOs with, among other things, C-level dashboards and reports that contain information about how many incidents we have prevented, how quickly incidents were investigated, and how effective the cybersecurity solutions used are . In this way, we ensure process transparency and can demonstrate the value of our solutions. We also highlight customer-specific risks and industry-specific trends. This allows them to focus their defenses on current threats and justify investments in the necessary technology.”

Recommendations for protecting your own infrastructure

  • Cybersecurity solutions with anomaly control How Kaspersky Endpoint Detection and Response Optimum implement that can detect and block potentially dangerous, “out of the norm” activities.
  • Easy to manage solutions How Kaspersky Endpoint Security Cloud designed for small and medium-sized businesses that don’t have the budget for a variety of cybersecurity products.
  • In training for all employees invest. The Kaspersky Automated Security Awareness Platform trains employees to use the Internet safely and includes simulated phishing attack exercises.
  • The online training Kaspersky Cybersecurity for IT Conversely, helps develop simple but effective IT security best practices and simple incident response scenarios for general IT administrators. Kaspersky Expert Training equips the security team with the latest knowledge and skills in threat management and containment.
  • External expertshow about Kaspersky Security Assessment, who can find security gaps in the configuration of a system and help create an IT security infrastructure that is individually tailored to the company. (sg)

Also read: Malware: 411,000 new malicious files discovered per day

Share “IT Security Incidents: Lack of Budget Leads to Increase” with your contacts:

2023-12-18 19:13:11
#security #incidents #Lack #budget #leads #increase

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.