All businesses struggle to protect themselves against cyberattacks. But new research sheds light on how the threat is challenging two industries in particular, forcing them to implement increasingly complex defense systems and straining their capacity to keep up.
According to the 2024 CDW Cybersecurity Research Report, 68% of retail organizations operate between 10 and 49 security tools or platforms, for example.
It’s taking a toll on the industry’s IT leaders, 97 of whom were surveyed for the report. One said the biggest challenge is “disparate systems, some of which are legacy, that impede the deployment of systemic cyber-security measures.” Another cited “the complexity of IT environments, the rapid evolution of cyberthreats, limited resources for cybersecurity, and the need to comply with various regulations and standards.”
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Financial Companies Manage "Overwhelming Volume of Data"
Meanwhile, in the financial services industry, tech leaders are also struggling with security complexity.
Navigating that “while managing the overwhelming volume of data generated by security tools is a significant challenge,” noted one respondent. Although experts often advise organizations to seek to reduce so-called tool sprawl in their environments, this respondent noted that “cyberthreats constantly evolve, demanding continuous adaptation and investment in innovative solutions.”
Researchers surveyed 171 financial services IT decision-makers for the report, which provides a comprehensive look at the state of cybersecurity across a broad range of sectors.
