According to a study, the prospect of growth in investments in cyber resilience in the country will be 12.4% in the year to ensure security and resilience in modernization efforts
Credit: Kyndryl website
A recent study by IDC, sponsored by Kyndryl and Microsoft, shows that cyber-attacks in Brazil are increasing and prompting companies to take precautions and protect their businesses to ensure the maintenance of their operations, as they move forward on their journeys of modernization and innovation.
The IDC Vendor Spotlight, “The Quest for Cyber Resiliency Amidst Digital Complexities,” sponsored by Kyndryl and Microsoft and produced by IDC, shows that companies' advances toward modernizing their IT infrastructures and data-intensive are priority[1], which leads to heightened attention to information security and business continuity. The challenges revolve around the ability to adapt and recover from adverse events, encompassing preventive measures, detection and response to attacks. In 2023, IDC points out that investments in cyber resilience will grow by 12.4% in Brazil[2].
The more accentuated use of hybrid and multicloud environments, together with the adoption of remote work, favored the increase in the available surface for malicious attacks. Data shows an accelerated growth in the adoption of public clouds by companies with their modernization plans. For 2023, the forecast remains comparable to the history of recent years, with an average greater than 30%. The digitization of services elevates cybersecurity to the level of business risk by placing cyber resiliency at the top of the agenda, not just for IT decision-makers but for boards of directors.
The perspective of growth in investments in Security in Brazil shows expressive numbers for Software, Hardware and Security Services, but the main driver of growth will be Software, with a compound annual growth rate of around 20% between 2022 and 2026[3].
In addition to technical factors, companies also focus on developing a culture of disseminating information and recurrent training for all their teams, regardless of the level of use of technological tools. The aim is to raise awareness about the proper use of corporate or non-corporate devices, as well as to pay attention to the confidentiality of information.
“Companies are looking to modernize their infrastructure environments and investments in security and resiliency are becoming increasingly essential. The numbers show a technological and cultural journey with increasing results, even if not immediate. In their projects, organizations seek digital resilience in a broad way in relation to field operations, logistics, production, public service and communication with stakeholders in general”, says Luiz Fernando Monteiro Francisco, Senior Analyst of IT Services, IDC Brazil.
In the current context, the survey also points to the need for support from specialized partners who are able to guide companies in their digital transformation journeys. Around 20% of current revenues come from digital products and services and the outlook is for a considerable leap forward, surpassing 30% in 2026.
“Companies continue with their digital transformation journeys and efforts to modernize their infrastructure. At the same time, cyber attacks across all industries are increasing exponentially. The imperative today is to identify, protect, detect, respond and restore operations,” says Maurício Suga, Security and Resilience Leader at Kyndryl Brasil. “And companies often do not have the necessary skills for this mission. In other words, this means that you need to rely on technology partners to not only act proactively and reactively to threats, but also to be able to ensure that you can undo the damage caused by security breaches and service interruptions. ,” adds Suga.
“All organizations need a new security model that more effectively adapts to the complexity of the modern environment, embraces the hybrid workplace, and protects people, devices, applications and data wherever they are located. Having partners prepared to support them in their cybersecurity journeys, through a Zero Trust approach, is fundamental”, said Danni Mnitentag, Vice President of Partners/Channels at Microsoft Brazil.
Kyndryl and Microsoft recently established a Center of Excellence in Latin America with the aim of helping companies in their digital transformation journeys. This Center brings together multidisciplinary teams that combine Kyndryl's expertise in modernizing and managing mission-critical systems with Microsoft solutions to co-create replicable assets, conduct proof-of-concepts and adopt best practices for innovation at scale.
For more information, see the full report “The Quest for Cyber Resiliency Amidst Digital Complexities” sponsored by Kyndryl and Microsoft and prepared by IDC.
[1] IDC Investment trends
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