How organisations can extract optimal value from their security investments

In 2018, it was estimated that cybercrime would cost the world almost $600 billion or 0.8% of global GDP. Financial institutions remain an attractive target for cybercriminals. The security industry has evolved into a patchwork quilt of products that solve very specific challenges. Historically, these solutions have been rules- or signature-based, meaning they can only detect an attack if there was a rule or signature associated with it. New attacks and variants on existing attacks can’t be detected, leaving organisations vulnerable to an endless barrage of new threats.

Despite their limitations, these solutions critically protect against a wide range of threats. Moreover, they generate a lot of useful data. But organisations face a critical shortage of cybersecurity professionals to analyse that data—estimated around 3,000,000 globally in 2018.