Cybersecurity: Companies seek more bang for their buck

Hybrid work has brought to the fore increasingly complex and lethal risks. As per Microsoft, ransomware attacks grew by 105% over the past year and continue to become more sophisticated, at a time when the global cybersecurity talent shortage has reached 2.72 million. Together with economic uncertainty, this has turned the spotlight on extracting the highest possible return on investments.

“Increased adoption of public and private clouds has unlocked innovation, agility, and scale. Given the breadth of the challenges our customers are facing, and economic headwinds, many organisations are looking to consolidate their security portfolios to optimise costs and reduce complexity,” says Vasu Jakkal, corporate vice president, Security, Compliance, Identity, and Management, Microsoft. The American tech major has identified four trends to understand how organisations are adapting to the new challenges and opportunities: