ThreatQuotient has released its 2024 Evolution of Cybersecurity Automation Adoption Research Report. The report surveyed 750 senior cybersecurity professionals from the U.K., U.S., and Australia across various industries. The survey found that 80% of respondents now consider cybersecurity automation important, up from 68% two years ago.
99% of respondents have increased their budget for automation, with 39% having a dedicated budget, up from 18.5% last year. The top use cases for automation are incident response (32%), phishing analysis (30%), and threat hunting (30%). Challenges include technological issues, budget constraints, and time limitations.
However, trust in automation has increased, with only 20% doubting the processes, down from 31% last year. Employee satisfaction and retention remain key metrics for assessing the ROI of cybersecurity automation, but focus has shifted towards resource management and operational performance metrics.
Cybersecurity automation trends and challenges
99% of respondents share cyber threat intelligence, with 54% sharing with direct partners and 48% sharing through industry channels. 67% integrate best-of-breed solutions into their architecture. AI adoption is significant, with 58% using AI in cybersecurity and 20% planning deployments in the next year.
Cyber-physical attacks are the most anticipated threat, followed by phishing and ransomware. Leon Ward, Vice President of Product Management at ThreatQuotient, emphasized the need for resilience, automation, and intelligence sharing among cybersecurity professionals facing sophisticated threats. The report highlights the shifting focus towards efficiency-centric ROI metrics and the continuous evolution of cybersecurity practices.
Uniting human expertise, automation, and AI is seen as crucial for driving cyber resilience and agility. The full report, including detailed survey questions, regional and industry snapshots, and recommendations, is available for download on ThreatQuotient’s website.
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