SAO PAULO, July 20, 2023 — A recent study by IDC and sponsored by Kyndryl and Microsoft shows that cyber attacks in Brazil are increasing and leading companies to take precautions and protect their businesses to ensure the maintenance of their operations as they advance in their modernization and innovation journeys.
The IDC Vendor Spotlight, “The Quest for Cyber Resiliency Amidst Digital Complexities,” sponsored by Kyndryl and Microsoft and produced by IDC in Brazil, shows that companies are advancing toward modernizing their IT infrastructures and making intensive use of data as business priorities¹ , which raises the 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 resiliency will grow by 12.4% in Brazil².
The increased use of hybrid and multicloud environments, combined with the adoption of remote work, favored the expansion of available surface for malicious attacks. Study data shows an accelerated growth in the adoption of public clouds by companies and their modernization plans. For 2023, the forecast remains comparable to the history of recent years, with an average of over 30%. The digitization of services elevates cybersecurity to the level of business risk by placing cyber resiliency at the top of the agenda, not only for IT decision-makers, but also for boards of directors.
The perspective of growth in investments in Security in Brazil shows expressive numbers for Software, Hardware and Security Services. However, the main driver of growth will be Software adoption, with a compound annual growth rate of around 20% between 2022 and 2026³.
In addition to technical factors, companies are also focusing 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.
“As companies are trying to modernize their infrastructure environments, investments in security and resiliency become 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,” said Luiz Fernando Monteiro Francisco, Senior Analyst of IT Services, IDC Brazil.
Enterprises are in the middle of their digital journey to modernize their infrastructure while facing imminent cyber threat across all industries. The imperative today is to identify, protect, detect, respond and restore operations.
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.
“Enterprises are in the middle of their digital journey to modernize their infrastructure while facing imminent cyber threat across all industries. The imperative today is to identify, protect, detect, respond and restore operations,” said Maurício Suga, Security and Resilience Leader at Kyndryl Brazil. “Companies often struggle to find the skills for this mission. This means that it is necessary to rely on technology partners to act not only proactively and reactively to threats, but also to be able to ensure the ability to undo the damage caused by security breaches and service outages.”
“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. Relying on 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 have recently established a Center of Excellence in Latin America aimed at helping companies in their digital transformation journeys. This Center brings together multidisciplinary teams that combine Kyndryl's expertise in modernization and managing mission-critical systems with Microsoft's solutions to co-create replicable assets, conduct proof of concepts, and adopt innovation best practices at scale.
For more information, see the full report “The Quest for Cyber Resiliency Amidst Digital Complexities” (in Portuguese) sponsored by Kyndryl and Microsoft and developed by IDC.
Kyndryl (NYSE: KD) is the world's largest provider of IT infrastructure services, serving thousands of enterprise customers in more than 60 countries. The company designs, builds, manages and modernizes the complex, mission-critical information systems the world depends on every day. For more information, visit www.kyndryl.com.
Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation in the era of the intelligent cloud and the intelligent edge. Microsoft's mission is to empower every person and every organization on the planet to achieve more. The company has been in Brazil for 34 years and is one of the subsidiaries of Microsoft Corporation, founded in 1975, which is present in over 190 countries. From July 2021 to June 2022, the company invested more than US$15 million in donations and discounts for non-profit entities, impacting more than 2,000 institutions with software donations, purchase discounts and support for training projects. With the launch of the Microsoft For Startups Founders Hub, 443 new startups were approved, totaling 703 supported startups, which together have consumed USD 11,898,488.00 of Azure cloud credits.
¹ IDC Investment Trends
² IDC Worldwide Security Spending Guide - Forecast 2023
³ IDC Worldwide Security Spending Guide - Forecast 2023