Fastly, Inc. · NASDAQ:FSLY
Fastly — Investor Presentation (November 2023)
42 slides from Fastly's investor presentation, November 2023
Slide 1: Fastly Global Security Research 2023 - Nordics Findings
Fastly Global Security Research conducted by SAPIO Research Research 2023 Nordics Findings November 2023 ©2023 Fastly, Inc. Confidential
Slide 2: Project overview and methodology
Project overview and methodology ● The survey was conducted among 209 IT Decision Makers (more than 2/3 respondents directly make or influence cybersecurity decisions) in organisations with 500+ across the Nordics. Participants hold a wide range of roles across the infrastructure including cloud ope
Slide 3: Respondent demographics summary
Respondent demographics summary Demographics Total respondents: 209 Country of residence Department IT: 34% Ops: 32% Executive Leadership : 34% # of 1,000 to 5,001 to 10,001 to 25,000 to 250 - 499 500 to 999 75,000+ Size of employees 5,000 10,000 25,000 75,000 company % of 15% 34% 28% 12% 8% 3% 11%
Slide 4: Key stats
Key stats 32% predict ‘GenAI’ On average, 41% of respondents feel there is and ‘data breaches businesses lose and data loss’ as the gap among the current talent pool 10% of their annual biggest cybersecurity in terms of the lack of relevant income as a result threats over the next of cyber attacks t
Slide 5: Main Findings
Main Findings ©2023 Fastly, Inc. Confidential 5
Slide 6: Generative AI, data breaches and identity-based threats are biggest threats
Generative AI and data breaches and data loss (both 32%), and Identity-based threats (30%), are viewed as the biggest cybersecurity threats to organisations over the next 12 months Q1. What do you predict will be the biggest cybersecurity threat to your organisation over the next 12 months? Select B
Slide 7: Drivers of cybersecurity threats over the last 12 months
Over the last 12 months, the emergence of generative AI (32%) and a lack robust internal cybersecurity tech (31%) were the main drivers of cybersecurity threats Q2a. Which of the following, if any, have driven cybersecurity threats to your business over the past 12 months? Base: 209 Select top three
Slide 8: Drivers of cybersecurity threats over the next 12 months
Over the next 12 months, an increasingly sophisticated threat landscape (36%), the emergence of generative AI (35%), and a lack of internal education around cybersecurity best practices (31%) are still main drivers of cybersecurity threats Q2b. Which of the following do you predict will drive cybers
Slide 9: Investment in firewall and managed security services
49% are currently investing in ‘Firewallʼ technology, and around half are investing in ‘Managed security servicesʼ (46%) 16% have no plans to invest in WAF Q3. Which technologies and/or services is your organisation currently investing in/planning to invest in/have no plans Base: 209 to invest in? ©
Slide 10: 80% of respondents are increasing their cybersecurity investment
80% of respondents are increasing their cybersecurity investment Q4a. When it comes to investment, which of the following best describes how your organisation is preparing for future Base: 209 cybersecurity risk over the next 12 months? Select one ©2023 Fastly, Inc. Confidential 10
Slide 11: 42% have invested too much into cybersecurity
42% of respondents have invested too much into cybersecurity over the past 12 months 45% say they have invested about the right amount 42% 13% *only asked to those who invest in cybersecurity Q4b. Thinking about the investment you made to prepare for cybersecurity risk over the past 12 months, which
Slide 12: Median annual spend on web application and API security
On average (median), $22,500 USD are spent per year on web application and API security control/tools in the Nordics *The sample for DACH countries had a larger proportion of companies with more than 75,000+ employees 2022 Survey: Nordics 22,990 Spain 48,150 US 50,000 UK & Ireland 54,030 AUS & NZ 64
Slide 13: 44% have increased talent spending
44% of respondents have increased talent spending, with only 27% having decreased talent spending 44% 27% Q5b. How has your talent spending (e.g. new hires, wages) for cybersecurity changed, if at all? Select one Base: 209 ©2023 Fastly, Inc. Confidential 13
Slide 14: Number of network and application cybersecurity solutions
On average (median), organisations in the Nordics rely on 8 network and application cybersecurity solutions Overall median: 6 2022 Survey: Japan 4 Spain 5 US 5 UK & Ireland 6 AUS & NZ 5 DACH 5 Nordics 7 Q6a. Approximately, how many network and application cybersecurity solutions does your organisati
Slide 15: 37% of cybersecurity solutions overlap
On average, 37% of network and application cybersecurity solutions overlap Mean: 36.54% Q6b. And roughly, how many of these solutions overlap in covering the same threats? Select one Base: 209 ©2023 Fastly, Inc. Confidential 15
Slide 16: Only 46% of cybersecurity tools are fully active
On average, only 46% of cybersecurity tools are fully active/ deployed Mean: 45.55% Q7. What percentage of your cybersecurity tools are fully active/deployed? Select one 16 ©2023 Fastly, Inc. Confidential Base: 209
Slide 17: 39% of WAF security alerts are false alerts
On average, 39% of security alerts detected by an organisations WAF are false alerts Mean: 38.73% Q8. What proportion of security alerts detected by your organisation’s WAF are false alerts? Select one Base: 209 ©2023 Fastly, Inc. Confidential 17
Slide 18: Biggest talent gap is lack of technical skills
Respondents feel that the biggest gap among the current talent pool is the lack of relevant technical skills (41%) Q9. Where do you feel there are gaps among the current talent pool when it comes to cybersecurity? Select all that Base: 209 apply ©2023 Fastly, Inc. Confidential 18
Slide 19: 77% have hired a CISO
77% of respondents have hired a CISO, 33% of those within the last 12 months Q9. Where do you feel there are gaps among the current talent pool when it comes to cybersecurity? Select all that Base: 209 apply ©2023 Fastly, Inc. Confidential 19
Slide 20: Who is held responsible for cybersecurity incidents
32% of respondents think Security managers are often held responsible for cybersecurity incidents, 22% think CISOs are often held responsible Q11. Who do you feel is most often held responsible for cybersecurity incidents in your organisation? Select one Base: 209 ©2023 Fastly, Inc. Confidential 20
Slide 21: How the CISO role is viewed
CISOs are viewed as having an in-depth understanding of all areas of IT (33%), crucial in keeping the business safe (30%), and crucial in keeping members of staff safe (30%) Q12a. How do you think the role of the CISO is viewed by your wider organisation? Select top three Base: 209 ©2023 Fastly, Inc
Slide 22: Cybersecurity programme has become more valuable
79% of respondents think their cybersecurity programme has become more valuable over the last 12 months 79% Q12b. How do you feel your organisation’s perception of the value of your cybersecurity programme has changed Base: 209 over the last 12 months? Select one ©2023 Fastly, Inc. Confidential 22
Slide 23: Security priorities over the next year
Making cybersecurity more accessible (33%) and improving cybersecurity skills (28%) are the main security priorities over the next year Q13. What are your organisation's security priorities over the next year? Select top three Base: 209 ©2023 Fastly, Inc. Confidential 23
Slide 24: Cybersecurity strategy has hampered business innovation
50% say that their organisations cybersecurity strategy has hampered business innovation Only a quarter say it has improved innovation (24%) 50% Hampered 24% Improved Q15. What impact has your organisation's cybersecurity strategy had on business innovation? Select one Base: 209 ©2023 Fastly, Inc. C
Slide 25: Generative AI predicted to have positive impact on cybersecurity
83% predict that Generative AI will have a positive impact on cybersecurity over the next 12 months 81% predict it will have a positive impact over the next 5 years 83% Positive 81% Positive Q16. What do you predict will be the impact of Generative AI on cybersecurity over the next… Base: 209 ©2023
Slide 26: Main positive impacts of Generative AI
Improving productivity (42%), encouraging innovation (37%) and unlocking new opportunities for work (36%) are the main positive impacts of Generative AI *only asked to those who said generative AI will have a positive impact in the next 12 months Q17a. You mentioned generative AI will have a positiv
Slide 27: Fears Generative AI increases cyber attack risk
There are fears that Generative AI will put businesses at greater risk of cyber attacks (50%) *only asked to those who said generative AI will have a negative impact in the next 12 months Q17b. You mentioned generative AI will have a negative impact over the next 12 months? Which of the following ar
Slide 28: Steps to mitigate generative AI security threats
Enforcing a company-wide AI policy (28%) is the top step companies are taking to mitigate generative AI security threats Q18. What steps is your organisation taking to mitigate generative AI security threats? Select top three Base: 209 ©2023 Fastly, Inc. Confidential 28
Slide 29: Companies adopting managed security solutions
30% of companies have begun to use managed security solutions over the last 12 months Q19. Thinking back to 12 months ago, how has your talent strategy for cybersecurity changed, if at all? Select all that Base: 209 apply ©2023 Fastly, Inc. Confidential 29
Slide 30: Average of 51 cyberattacks in past 12 months
On average, businesses have suffered 51 cyberattacks in the past 12 months Mean: 51.24 Q20. How many cyber attacks has your business suffered in the past 12 months? Select one Base: 209 ©2023 Fastly, Inc. Confidential 30
Slide 31: Most common types of cyberattacks
The most common types of cyberattacks were DDoS attacks (25%), security related to open-source software and brute-force attacks (both 22%) *only asked to those who have experienced a cyber attack Q21. What kind of cyber attack was it? If you had more than one cyber attack, please select all that app
Slide 32: Main impacts of cyber attacks
Network outages or downtime (33%), financial damage (27%), and data loss (25%) were the main impacts of cyber attacks *only asked to those who have experienced a cyber attack Q21. What kind of cyber attack was it? If you had more than one cyber attack, please select all that apply Base: 192* ©2023 F
Slide 33: Months to recover from cyber attack impacts
On average, it will take businesses 9 months to recover from the loss of customers/ clients trust and financial damage as a result of a cyber attack Average no. Months 9 8.59 8.32 8 7.63 6.39 6.38 5.65 *only asked to those 5.52 who had experienced each impact at Q22 Q23. How long has it taken, or ho
Slide 34: Businesses lose 10% of annual income to cyber attacks
On average, businesses lose 10% of their annual income as a result of cyber attacks Mean: 9.92 *only asked to those who had experienced each impact at Q22 Q24. As a percentage of your business’s overall revenue, what would you estimate to be the financial impact of these Base: 192* attacks in the pa
Slide 35: Demographics
Demographics ©2023 Fastly, Inc. Confidential 35
Slide 36: Size
Size S1. How many employees does your organisation have? Select one Base: 209 ©2023 Fastly, Inc. Confidential 36
Slide 37: Industry
Industry S2. What is your company’s primary industry? Select one Base: 209 ©2023 Fastly, Inc. Confidential 37
Slide 38: Industry - focus
Industry - focus S2. What is your company’s primary industry? Focus Base: 209 ©2023 Fastly, Inc. Confidential 38
Slide 39: Department
Department S3. Which of the following best describes the department you sit within? Select one Base: 209 ©2023 Fastly, Inc. Confidential 39
Slide 40: Current responsibility
Current responsibility S4. Which of the following best describes your current responsibility within your organisation? Select one Base: 209 ©2023 Fastly, Inc. Confidential 40
Slide 41: Cyber security decision making
Cyber security decision making S5. Within your current job role, are you aware of or do you make or influence decisions regarding cybersecurity Base: 209 within your organisation? Select one ©2023 Fastly, Inc. Confidential 41
Slide 42: Thank you!
Thank you! ©2023 Fastly, Inc. Confidential 42