Friday, February 26, 2021

Lack Of Confidence In Cybersecurity Posture Prompts Increase In IT Budgets



Almost 80% of IT executives and IT leaders think that their companies have insufficient protection against cybersecurity even with the increased investments made on cybersecurity last year in an effort to address the challenges brought on by work-from-home and distributed IT.

That increased level of concern over the capability to address cybersecurity threats in these day’s complicated IT environment has prompted 91% of companies to boost their cybersecurity budgets this year, almost matching the 96% increase in ITspending last year.

The Cybersecurity at Crossroads report was based on the impact of the transition to a work from home setting and the distributed IT landscape on IT security. The survey revealed that 78% don’t trust their organization’s IT security posture and think that improvements should be made. About 32% of the respondents of the study have the least confidence in the IT security posture of their company. About 30% don’t trust their security related technology and 27% on their skillsets and internal teams. They reported the highest confidence level on the data management strategy of their company however only 45% trust this part of security operations.

The Other Key Findings Include:

1.      Cybersecurity is being added into different business aspects, which indicates an increasing recognition of the risk that a cyberattack presents to company operations.

2.      Organizations shifted their cybersecurity modernization priorities last year as a result of the urgent challenges that were presented by the global pandemic.

3.      Most long range and complicated security projects were placed at the back seat to prevent and deal with activities such as anti-virus and anti malware upgrades, firewall as a Service or FWaaS, and multi-factor authentication.



The Survey Includes Key Challenges That Companies Face When Boosting Their Security Posture

1.      55% of the respondents said that lack of automation is the primary challenge in terms of security management and operations. Companies are unable to evaluate and respond to the countless events and notifications generated by the rising complicated security infrastructure.

2.      Only a meagre 27% of the respondents expanded their security staff last year, marking a slight decrease from 30% the previous year. Because of this, IT teams and ITConsultant Columbia SC were stretched thin and without most of the IT support experts needed to perform the range of IT tasks required by the evolving threatscape of the year.

3.      Only 57% performed a data security risk assessment last year even though there was a need to recheck their security posture as new threats came out during the global pandemic.

About SpartanTec, Inc.

We offer the Best Managed IT and Co-Managed IT Services and Cloud Solutions in the Carolinas, dedicated to the highest level of customer service and support.

At SpartanTec, Inc. we are committed to continuing education; increasing our knowledge base ensures that we stay on the cutting edge of technology. In an ever-changing world of technology, we provide our clients with top Managed IT Services, or provide IT department staff augmentation with our Co-Managed IT Services.


When you have a reliable partner in computer network maintenance and IT Support, you can get back to what you do best. Call SpartanTec, Inc. now for more details.

 

SpartanTec, Inc.
Columbia, SC 29201
(803) 408-7166
http://manageditservicescolumbia.com/

Serving: Myrtle Beach, North Myrtle Beach, Columbia, Wilmington, Fayetteville, Florence


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