Brought to you by CSO from IDG Global Intelligence Report: State of Cybersecurity 2021 Sponsored by: Global Intelligence Report: State of Cybersecurity 2021 Brought to you by CSO from IDG Platinum Partner Gold Partner Silver Partner Copyright © IDG Communications, Inc. All rights reserved. Reproduction in whole or in part in any form or medium without express written permission of IDG Communications is prohibited. CSO and CSOonline.com and the respective logos are trademarks of International Data Group Inc. Global Intelligence Report: State of Cybersecurity 2021 2 of 41 Contents Table of Contents From the Editor And the hits just keep on coming �����������������������������������������������������������������  4 Executive Summary It’s getting hot in here ����������������������������������������������������������������������������������������� 5 Key Finding #1 Financially motivated attacks are taking a toll �������������������������������������  8 Key Finding #2 Budgets and policies evolve—with a few notable gaps ����������������  16 Key Finding #3 Despite risks, cloud is a net positive for security ������������������������������ 23 Key Finding #4 AI + zero trust is the new baseline ������������������������������������������������������������� 28 Looking Forward ������������������������������������������������������������������������������������������������ 32 Survey Methodology  ��������������������������������������������������������������������������������������� 33 Partner Profiles �������������������������������������������������������������������������������������������������� 35 Global Intelligence Report: State of Cybersecurity 2021 3 of 41 Contents From the Editor And the hits just keep on coming Did anyone have “global pandemic” on their cybersecurity bingo card? In the world of the chief security officer, where careers are defined by staying a step ahead of bad actors, security leaders can be forgiven for not anticipating COVID‑19’s sudden disruption to the workforce, customers, and supply chains, and the new vulnerabilities remote work and other operational shifts introduced. And yet here we are. A year and a half later, organizations are still dealing with the fallout of new operating models to support Rob O’Regan a virtual workforce and more digitally inclined customer and Global Content Director supplier bases. As threats increase, CSOs and their teams are IDG Communications, Inc. quickly evolving their strategies and tactics to keep pace. To understand the impact of the pandemic on security practices, and to gauge how security teams are preparing for what’s next, we surveyed more than 2,700 technology and security decision makers across the globe. This report, written by Derek Slater, former editor in chief of CSO, is chock-full of insights from respondents about the constantly evolving threat landscape and the tactics security professionals are deploying in response. We hope these findings will help you compare your security posture to your peers and identify next steps to evolve your security strategy—for whatever completely unexpected event comes next. We’d like to thank our sponsors for their support of this Global Intelligence Report: platinum sponsor PC Matic, gold sponsor OneNeck IT Solutions, and silver sponsor Deep Instinct.   Global Intelligence Report: State of Cybersecurity 2021 4 of 41 Executive Summary It’s getting hot in here New and emerging threats, underscored by a growing reliance on digital infrastructure, have everyone’s attention Read On  Contents For cybersecurity professionals, like everyone else, the past 15 months have been … interesting. If 2020’s COVID-related lockdowns and the sudden, massive shift to remote work weren’t enough, more recent events such as ransomware attacks on Colonial Pipeline Company and meat processor JBS made splashy headlines, putting more heat on cybersecurity teams to protect their organization. But threats have been expanding for years, and high-profile hacks have appeared in the news for decades. As workforces around the globe begin to return to some form of normalcy in the coming months, will digital security truly be different for the remainder of 2021 and beyond? 79% of respondents described Exclusive research from IDG finds that in crucial ways, it will. the potential impact from financially motivated IDG’s Global Intelligence Report on Cybersecurity surveyed cybercrime, including 2,741 secur