Priya PatelTL;DR:
- Cyber threats are evolving rapidly, with 51% of organizations experiencing a breach within the past 24 months.
- 53% of organizations report stagnant or decreasing IT security budgets for 2024.
The 2024 State of Pentesting report by Pentera sheds light on the challenges and shifting paradigms in cybersecurity. Based on a survey of 450 CISOs, CIOs, and IT security leaders worldwide, the report highlights the following key points:
Cyber threats are escalating due to the rise of Large Language Models (LLMs), with 51% of organizations experiencing breaches in the past 24 months. Despite adopting Continuous Threat Exposure Management frameworks, unexpected downtime, data exposure, and financial damages persist.
IT security budgets for 2024 are either decreasing or stagnating for 53% of organizations, challenging security leaders to maximize operational efficiency.
More than 50% of CISOs now share pentest assessment results with their Boards of Directors, indicating a growing interest in understanding organizational resilience.
Organizations invest an average of $164,400 annually in manual pentesting, but only conduct testing twice a year on average. This discrepancy leaves organizations vulnerable to extended periods of risk.
With the frequency of security testing lagging behind network changes, organizations face significant gaps in security validation, prioritizing their efforts on addressing critical security gaps.
The insights from Pentera’s report serve as a crucial resource for security leaders aiming to enhance their security validation strategies in today’s dynamic cybersecurity landscape.
