With the ever-increasing adoption of interconnected technologies, cyber criminals continue to evolve their exploitation of any weaknesses they can find. It is no surprise that 46% of all businesses identified at least one breach or attack during the last 12 months.
Cyber crime is an issue that has digital-evolution on its side and to help alleviate this problematic situation requires the allocation of more budget to IT; allowing more time and resource to be spent on protecting critical systems. This is only one piece of the puzzle as IT infrastructures continue to change such as the deployment of the General Data Protection Regulation (GDPR), organisations need to meet customer needs and staff require training to upskill.
Is Better Integration The Key?
For many years bi-modal systems have been in place and managed by IT professionals but managing these systems can be difficult and ensuring that they are fully integrated is even more of a challenge. A combination of legacy and agile systems are becoming a necessity in today’s fast paced business environment to allow businesses to meet demanding consumer needs.
The challenge with bi-modal systems is that they can be difficult to manage, especially if staff haven’t been trained effectively. A staggering 53% see cloud adoption as the biggest requirement that needs more resource. The lack of resource and management can leave IT infrastructure vulnerable to external threats exacerbating the cyber security issue. Making sure that budget has been allocated for development of core systems and training of staff will help to reduce security vulnerability.
Are Cyber-Attacks Managed Effectively?
In the event of a cyber-attack companies need to have a recovery solution in place. Data from the Department for Culture, Media and Sports indicates that only around 11% of companies have a cyber security incident management plan in place. This is worrying as resource recovery budgets need to be assigned with the overall IT budget and should be outlined with cyber security management plan.
It is likely that if companies do become victims of cybercrime without an effective plan in place it will be incredibly difficult, if not impossible, to recover systems and data. This can leave a company with some heavy financial costs that could also results in a fine once GDPR is in place.
Training Is Fundamental
Despite digitalisation and the increase in bi-modal systems one thing that all businesses agree is that staff and training needs to be put at the top of the priority list. Trained staff will be needed to implement, manage and maintain IT systems for businesses to be run effectively and protect them from future threats.
Training, particularly for no technical staff members, needs to a budgetary consideration. Currently only 20% of businesses provide staff with cyber security training. This can allow breaches to happen simply due to carelessness such as opening attachments from untrusted sources or having a weak password.
With 34% of organisations stating network security as the biggest challenge but currently absorbing only 10% of the IT budget there is a need for adequate funding for IT. If the right training is implemented, when security breaches do happen a businesses will be better prepared to deal with it saving time, stress and money.