Bridging the Gap Between Cybersecurity Investment & Confidence

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~ 1min read

UK retail IT and security leaders are facing a critical challenge: despite increased cybersecurity budgets, many feel less secure than ever. 65% report their concerns over cyber risks, with malware, ransomware, and phishing attacks topping the list.

While 95% of retailers increased security spending in the past year, 40% feel less secure and lack confidence that current investments will mitigate the growing risks. This disconnect highlights a crucial need to optimise security strategies.

95%

of retailers increased their security spend

40%

feel less secure and lack confidence

Key vulnerabilities include:

  • Data control: 60% cite a lack of data access and control as a major risk.

  • Inconsistent security: 50% struggle to enforce consistent policies across IT environments.

  • Expanding attack surface: 40% find it increasingly difficult to manage their growing attack surface.

Adding to these challenges, 80% of IT leaders report an increase in the severity of cyberattacks, and 70% believe Generative AI will further complicate the threat landscape.

Make sure your organisation is protected and think about:

  • Strategic investment: Focus on solutions that address specific vulnerabilities and maximise ROI.

  • Data-centric security: Implement robust access controls and data governance measures.

  • Unified security policies: Ensure consistent security across all environments.

  • Proactive threat management: Adopt advanced threat detection and response capabilities.

By taking these steps, you maximise your investment and build confidence in securing a foundation for future success.

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