With Security Teams Expanding, Enterprise Cybersecurity Practices Are Now More Formal

With Security Teams Expanding, Enterprise Cybersecurity Practices Are Now More Formal

Businesses are more assured of their cybersecurity practices due to advanced technology implementation and expanded security teams.

More enterprises are gaining confidence in the fact that their cybersecurity practices are heading in the right direction. Aided by technological advances, comprehensive education, detailed processes, and specialized skills, businesses are hopeful with the infrastructure – reveals a recent research study from CompTIA.

Nearly 80% of the surveyed business leaders indicated that their cybersecurity practices are developing. Concurrently, many organizations acknowledged that there is still so much to implement to make the cybersecurity posture more robust. The increasing concerns, variety, and scale of cyberattacks are on the IT leaders and professionals’ radar.

Besides, privacy considerations, increased reliance on data and regulatory compliance, etc. are currently the top business issues. Thus, there is a need for prioritizing and elevating cybersecurity standards. It is primarily two factors: one is anticipated, the other is unexpected – which have backed to the finely tuned awareness of a robust cybersecurity system to be in place.

As mentioned by Seth Robinson, senior director of technology analysis at CompTIA 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.”

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This unprecedented time has accelerated the formal changes that were underway or in hold for many organizations. This is also valid for the delayed digital transformation projects of the business operations. Such transformation elevated cybersecurity from a division of IT operations into an overarching business concern.

With cybercrimes increasing globally, cybersecurity has become a critical business function –  on par with a company’s financial procedures. Indeed, it demands an executive-level attention today. This approach is going to last long for most organizations as the remote working models are becoming familiar.

The study also highlights that this cybersecurity chain has been long-drawn-out to involve boards of directors, upper management, and business units in decision-making and conversations. Besides, certain cases also include external agencies in addition to the IT personnel. And cybersecurity insurance is an emerging area. Many large companies (45%), mid-sized firms (41%), and small agencies (37%) have a cyber-insurance policy in place.

Read More: Global Enterprises are Fighting Cyber Security Workforce Shortage

Experts say more new skills associated with security monitoring and other proactive tactics could have a bigger grip. Almost 90% of organizations reported that their cybersecurity procedures have become more critical and formal than before. For instance, risk management and data monitoring – are continually tracked for the latest metrics to tie security activity into objectives.

In its essence, it is safe to assume that companies have a better understanding of how to manage cybersecurity concerns.

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