The pandemic is accelerating digital transformation. According to Microsoft, “we’ve seen two years’ worth of digital transformation in two months. From remote teamwork and learning to sales and customer service, to critical cloud infrastructure and security.”
Cybersecurity falls into one of the many categories that has experienced accelerated digital transformation over the past 2 months, and COVID-19 is reshaping the future of the industry.
Recently, Microsoft has released a study on COVID-19’s effect on cybersecurity. They surveyed nearly 800 business leaders from companies with more than 500 employees across the UK, US, Germany, and India to better understand how the pandemic is affecting the cybersecurity industry, including implications on budget and the long-term effects on the IT landscape.
At the start of quarantine, Security and IT teams were tasked with providing secure remote access to all company resources, apps, and data. In order to successfully allow employees to work from home, there were several technology investments that needed to be made. According to Microsoft’s study, the top 5 cybersecurity investments since the beginning of the pandemic include multi-factor authentication (MFA), endpoint device protections, anti-phishing tools, VPN, and end-user security education.
Considering the increase in phishing attacks since the start of the pandemic, these security investments are vital. Of the companies surveyed, a full 28% admitted attackers had successfully phished their users, and business leaders reported phishing attempts to be the biggest risk to security in the recent time-frame.
Additionally, Microsoft shared data on the top 5 cybersecurity investments predicted through the end of 2020. These include investments in cloud security, data & information security, network security, anti-phishing tools, and endpoint detection response.
IT teams are working around the clock to ensure that your company’s systems are secure. The bottom line is that the pandemic is dramatically accelerating the digital transformation of cybersecurity, and it is only going to continue.