Small security teams face greater risk from attacks than larger enterprises, reveals findings from Cynet, the Boston-based provider of an autonomous, end-to-end, automated extended detection and response (XDR) platform, in it’s second annual CISO Survey of Small Cyber Security Teams report.
Smaller security teams are moving towards consolidating security platforms to fewer, more robust and comprehensive tools to simplify and improve protections.
The Cynet survey analyzed responses from 200 Chief Information Security Officers. CISOs at small and medium size enterprises (SMEs) with five or fewer security staff members and cybersecurity budgets of $1M USD or less.
It found that a majority of these organizations were overwhelmed by an endless volley of cyberattacks. These security professionals report that they are inundated by many of the same threats facing larger organizations, but lack the financial resources, staff specialists, training and proper tools to consistently remediate them.
According to the survey results:
- 58% of the responding CISOs felt their risk of attack was higher compared to enterprises, despite the fact that enterprises have a larger target on their back.
- 94% say they have barriers in maintaining their security posture, due to a lack of skilled security personnel (40%), excessive manual analysis (37%), and the increasingly remote workforce (37%) among other factors.
- 87% have difficulty in managing and operating their threat protection products due to overlapping capabilities (44%) and difficulty visualizing the full scope of an attack (42%).
- As a result, 90% of small security teams are outsourcing security mitigation to a Managed Detection and Response (MDR) service, while also using Managed Security Service Provider (MSSP) services (21%) and Virtual Chief Information Officer (vCISO) services (15%).
The survey also revealed a year-over-year increase in the use of endpoint detection and response (EDR) tools (from 52% to 85% of respondents), as well as a doubling of extended detection and response (XDR) tool usage (from 15% to 30%).
Among respondents, 77% indicated that EDR is now the #1 tool for detecting threats, up significantly from 23% in 2021. Those reporting network detection and response (NDR) as the primary method for detecting threats fell from 46% in 2021 to only 3% in the 2022 survey.
It’s clear that small security teams are seeing the value in robust EDR/XDR solutions, especially in remote working landscapes where employees are often not on the company network.
“CISOs with small security teams struggle to purchase and maintain the comprehensive set of security solutions needed to protect their companies from increasingly sophisticated threats,” said Eyal Gruner, CEO and co-founder of Cynet, in a statement. “The survey results once again show how these security experts continue to adapt their protection strategies in response to the ongoing wave of criminal and state sponsored cyberattacks.”