Decades after coming out of the IT wing, the cybersecurity profession has reached an important turning point, according to the latest PwC report “Global Digital Trust Insights 2021: Cybersecurity comes of age”.
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The report is based on the responses of 3249 surveyed business executives and directors of technology companies around the world. Respondents focus on five key areas: updating the cyber strategy, preparing cyber teams for future changes, making the most of budget allocations, investing in a level playing field against attackers and improving resilience.
96% of business executives surveyed say they have changed their cybersecurity strategy as a result of Covid-19. More and more business leaders expect a higher probability that cybersecurity aspects will be taken into account in every business decision, this year 50% of the survey participants pointed out this, while last year only 25%. Business leaders point out that digitalisation is evolving at an astonishing pace, exceeding previous forecasts, so it is now important to balance technology opportunities with business needs in order to successfully adapt to current conditions. Innovation and technology are changing the conditions in which companies have to fight cyber-attackers. The strategic transition to advanced technologies, the restructuring of security measures, shows progress in the fight against attackers, but this can only be achieved by investing in technology, processes, capabilities and personnel.
One of the problems in the cybersecurity industry is the lack of qualified staff. In 2021, there will be 3.5 million cybersecurity vacancies worldwide. The survey participants also indicate that in 2021 they plan to increase the number of cyber security specialists in the company by hiring new employees or developing the skills of existing employees.
“Given the implications of Covid-19, many companies have had to review and redesign their cyber security strategies. Cyber attacks can cause unforeseen and significant losses to a company. Through automation and technology rationalization, companies can strengthen their cyber resilience while limiting potential losses,” said PwC Information Technology. Services “Board Member, Head of Cyber Security and Privacy Services in the Baltic States and Ukraine Edgars Šacs,
Priorities in the fight against cyber threats include the prevention of successful attacks, faster response times to disruptions, greater confidence in the ability to control threats and an improved customer experience. This year is rich in many unprecedented events, and companies and cyber organizations are seeing a rapid increase in phishing cases, so they plan to increase resilience testing to keep critical business services running even in the event of a disruptive cyber attack. The survey data show that the Internet of Things and cloud service providers are at the top of the list of threats, while a cyber attack on cloud services is indicated as the threat with the most significant negative impact.