Home Latest News Following the Pandemic, 74 Percent of IT Leaders Redirected Funds to Cybersecurity

Following the Pandemic, 74 Percent of IT Leaders Redirected Funds to Cybersecurity

by CISOCONNECT Bureau

According to cloud security firm Forcepoint, 508 worldwide CEOs and CISOs i.e. 90 percent of respondents stated they were implementing, or considered using, Secure Access Service Edge (SASE), and 74 percent had shifted budgets to cybersecurity in a study of 508 worldwide CEOs and CISOs. According to Forcepoint, CEOs and CISOs are doubling down on convergent security measures.

While analysts had earlier predicted that 60 percent of enterprises would adopt SASE by 2025, the pandemic has hastened many of their plans, according to the WSJ Intelligence report. Enterprise leaders who traditionally considered cybersecurity as a component of traditional infrastructure are now increasingly investing in integrated, cloud-based alternatives, which has repercussions on innovation, distributed workforce security, and competitive advantages.

Cyberattacks of all kinds are on the rise, including supply chain (60 percent), ransomware (54 percent), custom malware (57 percent), and phishing (56 percent). Security and business leaders should also enable distributed employees working in a more digitized and SaaS-based environment in the face of increased cyber threats. Since the cloud apps are everywhere and so are the anywhere workers.

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