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Organizations grapple with detection and response despite rising security budgets

October 5, 2023

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Only about a fifth of cybersecurity leaders today are confident about their organization’s cybersecurity approach, with only a half trusting the training they provide in-house, according to an EY study.

The study that surveyed 500 cybersecurity leaders worldwide found them to be struggling with their organization’s defenses even as the number of cyberthreats and associated costs increased.

“After all the time and money spent on cybersecurity, CISOs still feel very unprepared against cyberthreats,” Richard Watson, EY Global and Asia-Pacific cybersecurity consulting leader, said in a press release.

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