Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - Organizations face a rapidly changing threat landscape with complexities in hybrid and multi-cloud environments exposing new vulnerabilities and challenging traditional information security and risk management strategies [9] - The findings highlight actionable opportunities for organizations to rethink their strategies and embrace proactive approaches to secure their most sensitive assets [9] Summary by Sections Executive Summary - Organizations are encountering significant obstacles, including a fragmented stack of security tools, confidence gaps in risk understanding, and misaligned priorities between leadership and operational teams [9] Key Findings 1. **Gaps in Understanding Risk** - 31% of organizations report insufficient tooling to identify high-risk data sources, and only 20% express high confidence in addressing these risks [10][19] 2. **Misaligned Priorities** - 43% of executives prioritize aligning data security efforts with broader business objectives, while operational teams face resource constraints [11] 3. **Inefficient Tools** - Over half of organizations use four or more tools to manage data risks, leading to inefficiencies and conflicting information [12] 4. **Compliance vs Threat-based Strategies** - 59% of organizations prioritize compliance as a driver for risk reduction, but this focus often leaves them unprepared for emerging threats [13] 5. **Shift to Risk-Based Strategies** - Organizations are beginning to prioritize risk-based approaches, with identifying and prioritizing vulnerabilities ranking as top priorities [14] Gaps in Risk Understanding - Organizations struggle to identify and prioritize vulnerabilities, with 31% lacking tools to identify their riskiest data sources [17][19] Misalignment Between Management and Staff - A significant gap exists between management's strategic priorities and operational realities, undermining the effectiveness of risk and compliance strategies [26] Existing Tools Struggle to Keep Pace - Many organizations rely on a variety of tools that fail to meet modern data risk management demands, with 54% using four or more tools [39][46] Regulations and Compliance - 59% of organizations prioritize regulation and compliance as the primary drivers for risk reduction, but this focus often leaves gaps in addressing emerging risks [47][49] Shift Toward Risk-Based Strategies - Organizations are recognizing the limitations of compliance-driven strategies and are shifting toward risk-based approaches, with identifying vulnerabilities as a top priority [55][62] Final Thoughts - Organizations must enhance their understanding of risks, invest in unified platforms, improve communication between management and operational teams, and adopt proactive, risk-based approaches to strengthen their data security posture [63][64][66]