GIGAMON 2024 HYBRID CLOUD SECURITY SURVEY REVEALS GLOBAL SECURITY LEADERS ARE LOSING GROUND IN THE RACE AGAINST CYBERCRIME AS UNDETECTED BREACHES RISE BY 20 PERCENT

SANTA CLARA, Calif., June 19 (Bernama) -- Gigamon, a leader in deep observability, today published its 2024 Hybrid Cloud Security Report, revealing vulnerabilities in organizations’ preparedness to defend against increasingly sophisticated cyberthreats and attacks. The annual survey of over 1,000 Security and IT leaders across Australia, France, Germany, Singapore, UK, and the USA, shows a decline in detection and response capabilities year-on-year (YoY) compared to the company’s 2023 Hybrid Cloud Security Report. As hybrid cloud environments grow in complexity and threat actors launch a barrage of concealed attacks, 65 percent of respondents believe their existing security tooling cannot effectively detect breaches.

Security and IT leaders are at a crucial juncture. The specter of AI-powered cyber attacks looms globally, with 82 percent of respondents predicting that AI will increase the global ransomware threat. And yet, despite global information security spending projected to reach $215 billion in 2024, only half (54 percent) of organizations feel “strongly prepared” to respond to unauthorized access to their hybrid cloud environments.