With some motivation from the ongoing COVID-19 pandemic, many businesses are adjusting their approach to cybersecurity. Typically, businesses would take a more measured approach in their day-to-day security improvements, while swiftly acting if there was any kind of clear and present danger. While this proved effective, the current situation has now shifted priorities over to maintaining resilience. Let’s examine some of these shifts, and how an advantage can be gained through a consistent cybersecurity strategy.
For such an… eventful… year, it started off with little anticipation of the events to come. Businesses had ample time to plan their 2020 technology budgets, but most (if not all) of these budgets were postponed (if not thrown out the proverbial window) with the spread of COVID-19.
As if this wasn’t bad enough, cybercriminals are typically quite opportunistic, and so many took advantage of the crisis at hand to strike. Exacerbating this issue even further, many businesses saw their security budgets as a candidate for budget cuts and borrowing funds. Due to these circumstances, these businesses had weakened security measures during the time that strong security would be needed the most.
However, industry analysts have found the events that have followed somewhat surprising. While security spending was cut by many, the investments that remain are still mitigating attacks. In fact, data breaches fell by a full third during the first half of 2020.
Naturally, many businesses are now wondering if the large investments they were making into their cybersecurity were actually helping them all that much.
Before we go any further, we wanted to take a moment and identify a few security investments that—despite the shifting viewpoints on cybersecurity spending—should not be sacrificed:
With these technologies supporting your security, you can maintain your productivity without putting your resources and data at risk.
With so many businesses now tightening their belts and their budgets, it’s a safe bet that we’ll see emerging strategies that integrate what we have learned in the recent past with the limited finances that organizations have access to today. In short, we’ll see far more cost-efficient cybersecurity platforms coming to the fore. We’re confident that these platforms will commonly feature a few strategies:
One thing is abundantly clear: cybersecurity needs to be a major focus point from here on out, even more so than it was before. Innovative Systems, Inc. can help you implement the protections you need. Reach out to our experts today by calling (501) 217-8484.