Exabeam has released new research that identified the initial impacts of the COVID-19 pandemic on security teams. The report suggests that there have been increases in both cyber and financial risks since the onset of the pandemic. During this time, 80 percent of companies saw ‘slightly to considerably more’ cyber attack attempts, breaking down to 88 percent in the US and 74 percent in the UK.
In total, one-third of respondents experienced a successful cyberattack during the COVID-19 pandemic, leading to network downtime for 40 percent of UK companies and 38 percent of US companies.
The research, commissioned by Exabeam and conducted in the UK and the US by Censuswide, included more than 1,000 IT security professionals at small- to medium-sized enterprises, half in a chief information security officer (CISO) or what is the difference between computer science and computer engineering leadership role, and half in a security engineer/analyst or security architect position.
Of the total respondents, the majority reported that companies deferred all security hiring during March through June 2020, with significantly higher deferrals in the US (70 percent) versus the UK (42 percent). On top of hiring freezes, 75 percent of overall companies experienced security team furloughs, and 68 percent laid off team members. By region, 36 percent of UK and 29 percent of US companies reported that two security team members had been furloughed. Nearly 29 percent of US teams lost one to redundancy, and 33 percent of UK teams lost two.
In total, one-third of respondents experienced a successful cyberattack during the COVID-19 pandemic, leading to network downtime for 40 percent of UK companies and 38 percent of US companies.
The research, commissioned by Exabeam and conducted in the UK and the US by Censuswide, included more than 1,000 IT security professionals at small- to medium-sized enterprises, half in a chief information security officer (CISO) or what is the difference between computer science and computer engineering leadership role, and half in a security engineer/analyst or security architect position.
Of the total respondents, the majority reported that companies deferred all security hiring during March through June 2020, with significantly higher deferrals in the US (70 percent) versus the UK (42 percent). On top of hiring freezes, 75 percent of overall companies experienced security team furloughs, and 68 percent laid off team members. By region, 36 percent of UK and 29 percent of US companies reported that two security team members had been furloughed. Nearly 29 percent of US teams lost one to redundancy, and 33 percent of UK teams lost two.
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