Since the beginning of the pandemic, cybersecurity has topped the list of things keeping CIOs up at night. With the overwhelming shift to remote working, enhanced IT infrastructure and digital collaboration tools have become a necessity, while simultaneously cybercrime has become more prevalent than ever.
A recent survey by Microsoft outlined the pandemic’s impact on the acceleration of companies’ digital transformation efforts, noting that “providing secure remote access to resources, apps, and data” was the top challenge reported by security leaders. According to the data collected, the top five cybersecurity investments since the start of the pandemic have included:
- Multi-factor authentication (MFA)
- Endpoint device protections
- Anti-phishing tools
- End-user security education
In response to the demand for enhanced security efforts, the same Microsoft survey found that only 58 percent of business leaders reported budget increases for security. But amid challenging economic times, cash preservation remains top of mind, as liquidity is critical to sustaining business operations.