Delinea surveyed 200 senior business decision-makers in large- and medium-sized companies in the UK in September. According to the research, fifty-one percent of UK business leaders say their shift to a cloud computing-based business model has saved their company from collapse during the COVID-19 pandemic. Delinea is a provider of Identity-Centric Privileged Access Management (PAM) solutions.
Companies were ready for the security challenge
60 percent of respondents are planning to increase their use of cloud-based IT throughout and following the pandemic. The research also shows that COVID-19 has exposed serious weaknesses in businesses’ IT security. Thirty-nine percent (39%) of decision-makers agree that the pandemic has exposed huge gaps in their cybersecurity armor.
On the contrary, this data point suggests that a majority of companies (61 percent) were ready for the huge security challenge posed by Covid-19 and the shift to remote working. On the other hand, 60 percent of business leaders agreed that they are more aware of the risks facing their organization after the recent surge in phishing attacks aimed at quarantining remote workers.
Remote working has made it harder to identify potential hackers impersonating staff, and, as a result, more than half (51 percent) say remote working has led to an increase in insider threats. Modern cybersecurity solutions can limit access and privilege by segregating duties, implementing access request and approval workflows, and leveraging behavior analytics based on machine learning technology to fight these security threats.