Resource Type: Research Report

Stay ahead of the evolving cyber threat landscape with our comprehensive 2024 Cyber Risk Landscape Peer Report. Based on insights from over 1,000 VP+ cybersecurity professionals, this report provides crucial data and actionable strategies to enhance your cybersecurity posture. 

Key Takeaways: 

• Rising Cyber Threats: 83% of organizations experienced a breach in the last two years, underscoring the need for robust cybersecurity measures. 

• MDR and MCRR Integration: Learn how combining Managed Detection and Response (MDR) with Managed Cyber Risk Reduction (MCRR) improves security outcomes. 

• Proactive Security Measures: The importance of continuous risk assessments, asset visibility, and vulnerability management. 

• Outsourcing Trends: Why more companies are turning to Managed Security Services Providers (MSSPs) for specialized cybersecurity expertise. 

• Human Expertise: The indispensable role of human analysts in complementing automated security tools for effective threat detection and response. 

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Enhance your organization’s cybersecurity strategy by downloading the full report. Gain insights into the latest trends, best practices, and expert recommendations to protect your business from evolving cyber threats. 

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Security leaders are under increasing pressure to show the amount of risk their organization is accepting, and effectively communicate that data to key stakeholders. With this growing cyber risk management problem, security leaders want to know how their peers are handling these challenges and what the industry can do to help. 

Critical Start surveyed security leaders at various organizations about their confidence in their cybersecurity protection, the limitations of traditional security approaches, and if new proactive cyber risk reduction strategies should be implemented. The study revealed that 66% of organizations lack understanding of their own cyber risk, and 74% of organizations are planning to prioritize proactive risk reduction strategies to stay ahead of the evolving threat landscape. 

Download the full Cyber Risk Landscape Peer Report to learn more from fellow security leaders about their biggest cybersecurity challenges, their desire for a holistic approach to managing cyber risk, and how the market should respond. 

In this report you’ll find: 

• Traditional security approaches have limited efficacy, with 67% of organizations experiencing a breach requiring attention within the last two years despite having traditional threat-based security measures in place. 
• The cybersecurity landscape and cybersecurity leaders’ needs are changing as a result. 82% of organizations surveyed believe taking a managed cyber risk reduction approach will yield significant cyber protection benefits. 
• Security leaders are facing significant challenges with cybersecurity visibility and resources, with 93% of organizations planning to offload segments of their cyber risk reduction workstreams to service providers within the next two years. 
• Managed Cyber Risk Reduction (MCRR), the next evolution of Managed Detection and Response (MDR), can help organizations gain control of the risk they are willing to accept with a holistic, proactive approach to cybersecurity aligned to leading cybersecurity frameworks. 

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Critical Start recently surveyed 501 U.S.-based IT security leaders at organizations ranging from 2,500-25,000 employees on their confidence in managing cyber risk, and how well their current strategies align to their organization’s risk appetite. The study revealed 66% of cybersecurity leaders are not highly confident that their current strategies for evaluating and mitigating major cyber risk are effective. Download the 2023 Cyber Risk Confidence Index for the full report, and to read about the challenges your peers are facing, along with recommendations for a more secure future.

In this report you’ll find:

• Growing concern in the cyber threat landscape as threats continue to evolve and become more sophisticated
• An outlook on cybersecurity leaders’ confidence in their current cyber risk strategies
• Current challenges security leaders face against a lack of resources, finances, and ability to strongly communicate how much risk their organizations are accepting with provable metrics and data
• Desire for a more balanced approach to aligning cyber risk measures to organizations’ risk appetite and how the industry should respond

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