The cybersecurity channel is off to a white hot start this year, with security budgets up from 2023, and more companies making investments to protect against emerging threats. In a recent Canalys poll, four out of every five channel partners expected their cybersecurity business to increase in 2024. Canalys also predicts cybersecurity managed services revenue will grow 15 percent this year, outpacing total managed services revenue in the channel. Customers today face a dynamic threat landscape, with adversaries increasingly leveraging automation, AI and cybercrime “as-a-service” models to launch and scale attacks. All businesses are at risk today, regardless of their size or the industry they play in. Based on a recent Sophos report, companies are having a difficult time keeping pace with threat actors. Fifty-two percent of respondents said cyberthreats are too advanced to deal with on their own, while 93 percent find it challenging to execute essential By Gerald Baldino CYBER PATROL 26 CHANNELVISION | MARCH - APRIL 2024 Security Spotlight A look at this year’s top cybersecurity drivers and trends — and the value of a risk-based mindset
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