Research from Skybox Security, the enterprise cybersecurity solutions provider, has found that the majority of fintech decision-makers are confident in managing exposures across network and security teams. However, taking a deeper dive, the firm reveals that there is a divide in the collaboration between network and security teams.
In its report, Breaking Down Exposure Management Silos: Confronting the Network-Security Disconnect, Skybox Security analyses collaboration between network and security teams against cyber threats. Due the development of tech and expansion of the IT function within organisations, smaller teams have been created to tackle different issues.
Network teams manage the infrastructure, while security teams focus on protecting their critical data and assets from outside cyber threats. Unfortunately, these silos have created gaps that provide opportunities for cybercriminals to enter networks and cause significant damage. In fact, 45 per cent of firms have experienced miscommunications that resulted in delays in reporting or addressing security incidents in the last 12 months.
Mordecai Rosen, CEO, Skybox Security said: “Within the next year, even the most sophisticated security measures could be overwhelmed by AI-powered attacks. That is why the convergence of security and network operations is no longer a strategic advantage; it’s an existential imperative. Organisations must recognise that true collaboration requires more than conversation – it demands a unified approach to network and security management.”
Decision-makers’ attitudes towards collaboration
In its report, Sykbox Security reveals that 90 per cent of firms have formal processes in place for network and security teams to collaborate on vulnerability and exposure management. As a result, 81 per cent feel their collaboration levels are effective. A further 82 per cent report successful information-sharing practices.
However, this confidence is not reflected across all teams. Fifty-five per cent of respondents are moderately or very concerned about the risk of a security incident due to a lack of collaboration between network and security groups. This is especially felt by C-level executives (67 per cent).
Over three-quarters (76 per cent) believe that miscommunication between network and security teams has negatively impacted their organization’s security posture to some extent. Fifty per cent of respondents cited incompatible systems and siloed organizational structures as the most significant obstacles to effective collaboration between network and security teams. This lack of a unified source of truth can lead to critical oversights, leaving gaping holes in the security fabric.
The survey results reveal a strong desire for change. A significant majority, three in five respondents (61 per cent), said they would be somewhat or very likely to implement an integrated solution for vulnerability and network security management to improve collaboration between the two teams. This intent is particularly pronounced among those who harbour deep concerns about security incidents stemming from collaboration breakdowns. A staggering 92 per cent express a likelihood of implementing such solutions.
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