This document is a report detailing the findings of the 2024 Hybrid Cloud Security Survey conducted from March 22 to April 6, 2024, with responses from 1,033 CIOs, CISOs, CTOs, and other network and cloud leaders across various regions including Australia, France, Germany, Singapore, the UK, and the USA. The report outlines the increasing complexity of hybrid cloud infrastructures and the rise in cyber threats, noting a 20% increase in undetected breaches from 2023 to 2024. It presents insights on the challenges organizations face regarding visibility into encrypted traffic and lateral movement within their networks. The report emphasizes the importance of deep observability as a solution to mitigate these risks and improve security posture. It highlights that many organizations are unprepared for current cyber threats, with a significant percentage failing to detect breaches until it is too late, and discusses the critical need for enhanced visibility to support Zero Trust strategies.