Businesses worldwide are aware of an increasing threat online, but as many smaller organisations seek to cut costs in the wake of the outbreak, skimping on cyber security could prove a costly error, Rachel Welsh from USA-Based Atlas VPN warns.
“Global recession due to COVID-19 is inevitable, so companies are already cutting costs. I suspect smaller organizations may no longer be prioritizing cybersecurity tools amid the recession,” she says. “[Larger] corporations are aware of how hackers can take advantage of the crisis and I expect them to continue prioritising cybersecurity.”
In 2020, 47% of organisations internationally reported a significant investment increase in cloud security; the expenses are predicted to rise from $636 million in 2020 to $1.63 billion in 2023, Atlas VPN predicts.
The latest Atlas VPN survey, as well as cyber security advice, is accessible via atlasvpn.com.