Security Staff Acquisition & Development, Security Strategy, Plan, Budget

Pandemic hinders security policy reviews

While global cybersecurity spending for enterprises could reach nearly $172 billion this year, only 53% of organizations worldwide reported updating their existing cybersecurity approaches due to the COVID-19 pandemic, ZDNet reports. Meanwhile, organizations that did revise their cybersecurity policies were pushed by the growing demands of remote working, lapses in the supply chain, increasing cyberattack prevalence, and rising employee turnover rates, according to a Ponemon Institute report. The study also showed that 59% and 51% of surveyed organizations cited innovations in threat detection and technology investments. Hardware- and firmware-based security solutions have been considered a "high" or "very high" priority by 85% of respondents, while 64% said that they were focusing on security improvements in hardware, including cloud systems, edge computing, data centers, and security operations centers. Zero-trust strategies are also gaining traction, with 75% saying that they had increased interest in zero-trust access and privilege framework implementations, the report revealed.

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