Businesses must ‘lock down’ cyber security

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