With the expansion of security teams across industries and the shift towards IT modernization, enterprises are more assured of their cybersecurity practices.
More businesses have now gained confidence in the fact that their cybersecurity measures are heading in the right direction. According to a research study by CompTIA, supported by technological advances, detailed processes, comprehensive education, and specialized skills, CISOs are hopeful about security infrastructure.
Almost 80% of the surveyed respondents indicated that their cybersecurity practices are being modified. At the same time, many organizations accepted that there is still much more to implement – in order to make the cybersecurity posture robust.
For obvious reasons, the growing concerns, variability, and scale of cyber-attacks are on the radar of IT leaders and professionals. Increased reliance on data, privacy considerations, and regulatory compliance are also top business concerns.
As a result, there is a need to elevate and prioritize company-wide cybersecurity standards. In most cases, it is predominantly two factors – one is anticipated, the other is unexpected. This has backed to the finely tuned alertness of a robust cyber-security system to be in place in a company.
Seth Robinson, Senior Director, technology analysis at CompTIA, explains in the company blog post – “The COVID-19 pandemic has been the primary trigger for revisiting security. The massive shift to remote work exposed vulnerabilities in workforce knowledge and connectivity, while phishing emails preyed on new health concerns.”
This global crisis has accelerated the formal changes that were on hold or underway for most organizations. It is also valid for several delayed digital transformation projects of business functionalities.
Certainly, these transformations elevated cyber-security from a division of IT operations into a central business challenge globally. With the increasing cyber-crimes in this digital era, cyber-security has become a critical business function. This is on par with the financial procedures of a company.
It demands executive-level attention for an organization to sustain amid the evolving marketplace. This outlook is going to last long for most enterprises with remote working models to continue for long.
The study also indicates that this cyber-security chain has been long-drawn-out to involve upper management, boards of directors, and various business units in conversations and decision-making. Moreover, some cases also involve external agencies – along with the IT professionals.
Unsurprisingly, cybersecurity insurance is a fast emerging area. The large companies (45%), mid-sized firms (41%), and small agencies (37%) currently have a cyber-insurance policy in place. Experts say, new skills associated with security monitoring and other proactive tactics will have a more oversized grip.
Today, nearly 90% of businesses reported that their cyber-security procedures have become more formal as well as critical than in the pre-pandemic era. For example, data monitoring and risk management are continually tracked for the up-to-date metrics to tie security activity objectives.
Clearly, it is safe to take on the fact that as we advance, organizations will have a better understanding of how to mitigate cyber-security concerns and stay ahead of their peers.