In today’s fast-paced digital environment, the relentless battle against ever-evolving cyber threats poses an immense challenge for enterprises worldwide. The sheer variety of attacks coupled with a constantly expanding array of security solutions can overwhelm even the most experienced CISOs and security leaders. Faced with this dynamic landscape, anticipating and preparing for what lies ahead becomes imperative.
To provide much-needed guidance in the frequently challenging endeavor of staying abreast of the ever-changing landscape of cybersecurity, Team8, in collaboration with our esteemed partners Forgepoint Capital, NightDragon, and Cisco Investments, who led this endeavor, united efforts to unveil the 2023 CISO Survival Guide: Emerging Trends from the Startup Landscape. This comprehensive report delves into the potential trajectories of the cybersecurity realm, focusing on four key areas: Identity, Data and Collaboration, Software Supply Chain and Cloud Security.
The report features candid one-on-one interviews with leading CISOs, emerging innovation trends, and invaluable findings from dedicated research involving 100 cybesecurity decision-makers spanning 15 industries. Insightfully, what began as an exploration of industry pain points transformed into a roadmap for the year ahead.
We extend our heartfelt gratitude to the dedicated CISOs and security leaders who generously shared their time, expertise, and insights and to our venture capital partners for their outstanding collaboration in creating this report.
Mastering Cloud Security: Team8’s Strategic Approach
Today, as cloud adoption surges to unprecedented heights, cloud security stands at the forefront of CISOs’ agendas. The Team8 thesis on cloud security underscores that as the adoption of cloud infrastructure, particularly multi-cloud solutions, gains momentum, so does the urgency to fortify cloud security measures.
While existing security solutions play a pivotal role, they often focus on prevention, leaving gaps that malicious actors can exploit. Enter the Cloud-Native Application Protection Platform (CNAPP), a novel concept aimed at bolstering posture management by proactively preventing misconfigurations, enforcing best practices, and monitoring policy adherence.
Our vision of cloud security extends beyond preventive measures. In the era of mounting cloud attacks, we advocate for a holistic approach encompassing both the ‘left side of the boom’ – pre-incident preventive measures, posture management and the ‘right side of the boom’ – real-time and post-incident measures such as detection, investigation, response, and recovery.
The report also sheds light on the evolving landscape of cloud security investments. As cloud adoption skyrockets, so does the allocation of resources, with cloud security spend predicted to exceed $6 billion by the end of 2023. Startups are rising to the occasion, offering innovative solutions in CSPM (Cloud Security Posture Management), CWPP (Cloud Workload Protection Platform), CIEM (Cloud Infrastructure Entitlement Management), DSPM (Data Security Posture Management), CDR (Cloud Detection and Response) and the newly coined CIRA (Cloud Investigation and Response Automation) domains. Together, these solutions constitute the pillars of a robust cloud security program.
The insights from CISOs themselves underscore the significance of cloud security. While interviewing leading CISOs (our dear Team8 CISO Village members), we witness that while cloud adoption is nearly ubiquitous, challenges such as uniform visibility and governance, skills shortage, and the dynamic nature of cloud security operations persist. With an overwhelming 74% of surveyed IT Security leaders identifying “limited investigation capabilities and lack of visibility in the cloud” as their top technological hurdles, the demand for innovative and efficient cloud security solutions that squarely address these issues becomes more urgent than ever.
This imperative drives our ideation efforts and strategic thesis at Gem, a valued part of our portfolio, offering a comprehensive CDR platform that delivers a centralized approach to respond to cloud threats faster and with context.
As the digital landscape continues to evolve, embracing cloud security is no longer an option; it’s a necessity. We invite you to explore the wealth of insights, perspectives, and strategic foresight offered by the 2023 CISO Survival Guide Report. Together, let’s empower enterprises to not only navigate the challenges but also seize the opportunities presented by the ever-changing cybersecurity landscape.
Download it now, and Happy exploring!