Enterprises Should Not Pause Their Technology Spend

S. Schuchart

Summary Bullets:

• Layoffs and economic events are making enterprise buyers think about their technology spending.

• Its not time to cut off technology spending on core systems to help the business and to help IT.

It was announced that Disney has laid off its entire metaverse team of about 50 individuals as part of a much larger layoff strategy. Layoffs at tech companies, or companies that are heavily invested in tech such as Disney seem to be happening a great deal recently and it has induced some level of uncertainty regarding tech and the larger economy in general.

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Threat Preparedness: Not Ready for Prime Time

Amy Larsen DeCarlo – Principal Analyst, Security and Data Center Services

Summary Bullets:

• IT security preparedness may not be where it should be, but organizations are keenly aware of the threat. Some 82% of those surveyed in Cisco Cybersecurity Readiness Index said cybersecurity incidents are likely to disrupt their businesses over the next 12 to 24 months.

• Nearly 60% had been hit by a security breach in the last 12 months.

Enterprise cybersecurity awareness is at an all-time high as challenges associated with protecting IT resources and organizations across most industries building out end user security training. However, even with increasing education, a surprisingly high percentage of organizations are still underprepared to mount a strong defense against cyber threats. In Cisco’s first ever Cybersecurity Readiness Index, based on metrics across five pillars of IT security (identity, devices, network, application workloads, and data) and the implementation stage of 19 security solutions with those, only 15% of the 6,700 were met the requirements to be considered as “mature” in their cyber readiness. Thirty percent were rated “progressive” in their preparedness. Forty-seven percent were categorized as formative in their security implementations. And eight percent are very early in their security journeys, with a beginner ranking.

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