In the World Economic Forum’s Global Risks Report, for the first time, digital risks (cyberattacks, data fraud or theft) have risen to Numbers 3 and 4 in the “Top 10 Risks by Likelihood,” following extreme weather events and natural disasters.

Pictured: Nikola Tesla (1900 A.D.)

Companies Struggle to Keep Up with the Rapidly Changing Threat Landscape

IT teams are harder pressed than ever to prevent breach and other cybersecurity incidents. With limited bandwidth and other urgent priorities, however, the 24x7x365 monitoring needed to keep modern businesses secure just isn’t possible for most internal departments.

Keeping cybersecurity operations in-house is quickly becoming less feasible for most businesses. Maintaining a full cybersecurity staff that enables round-the-clock incident detection and response comes with high costs and complexities: