What You Need to Know about the Cybersecurity Market in 2024
ISG identifies the following developments in the market in its IPL™ Cybersecurity Solutions and Services 2023 study.
According to the Cloud Security Alliance Report on third-party risk, 57% of respondents have experienced a breach or attack via third parties. 39% identified business partners, subcontractors or IT service providers as responsible for the incident. This is because organizations have lax cybersecurity policies which are individually interpreted from leading standards. Comparing policies and procedures – whether within corporations, in M&A situations, or to align with service providers – takes several months and requires a six- to seven-figure budget.
To solve this problem, ISG developed ISG Security Policy and Procedure Review Tool, an AI-based approach that semantically compares masses of text information, reducing reading time and improving the quality of comparisons. The tool can save up to 70% of manual work in a single project and up to 90% in repetitive comparisons.
In an increasingly connected economy, the importance of cyber security and risk management rises. You need to validate, re-orient and re-align your cybersecurity strategy.
Assess your capabilities and maturity with an ISG assessment built off of industry-leading frameworks (e.g., NIST CSF, CIS Top 20, ISO) and market-leading benchmark data. We’ll help you baseline your maturity levels and develop transformational roadmaps to move up the maturity curve.
Re-directed strategy, digitization approaches and sourcing of services and tools let you achieve the expected value leveraging holistically managed transformation measures. Digital tools and services improve efficiency and lower failure rates. End-to-end business processes and connected or digital products require extra-vigilant security protocols.
ISG knows the market best practices. We’ll enable your successful digital transformation with a cyber security operations and management model.
Compliance with cybersecurity regulations is vital for safeguarding sensitive information, protecting against cyber threats and maintaining trust with customers. ISG Compliance Assessments evaluate organizational maturity, propose improvement measures and offer implementation support for closing gaps against regulatory requirements and industry best practices such as GDPR, CCPA, NIS2, DORA, ISO 27001, NIST and others. Let us guide you towards seamless compliance and risk mitigation.
Check out our NIS2 compliance evaluation tool to assess your preparedness quickly.