The COVID-19 pandemic has presented a once-in-a-lifetime opportunity for hackers and online scammers, and cybersecurity professionals saw a 63 percent increase in cyber-attacks related to the pandemic, according to a survey released by the Information Systems Security Association (ISSA) and independent industry analyst firm Enterprise Strategy Group (ESG). As the global impact of COVID-19 manifested itself in the middle of March, ESG and ISSA conducted an in-depth survey in April 2020 as a point in time assessment of challenges posed by the pandemic.
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New study from ISSA and ESG assesses the impact of the COVID-19 pandemic on cybersecurity and cyberattacks.
Based on the data gathered for this project, the report highlights the following:
- Organizations were only fairly prepared for the global pandemic. Thirty-nine percent of respondents claim that they were very prepared to secure WFH devices and applications while 34 percent were prepared. Twenty-seven percent were underprepared. Therefore, the pandemic drove rapid changes, changing workloads, and new priorities.
- COVID-19 and WFH are driving improved collaboration. Slightly more than one-third of organizations have experienced significant improvement in coordination between business, IT, and security executives as a result of COVID-19 issues and 38 percent have seen marginal relationship improvements.
- COVID-19/WFH have had an impact on cybersecurity professionals and their organizations alike. The research indicates that COVID-19 has forced cybersecurity professionals to change their priorities/activities, increased their workloads, increased the number of meetings they have had to attend, and increased the stress levels associated with their jobs. Meanwhile 48 percent say that WFH has impacted the security team’s ability to support new business applications/initiatives.
- Most organizations don’t believe the pandemic will increase 2020 cybersecurity spending. Only 20 percent believe that COVID-19 security requirements will lead to an increase in security spending in 2020, while 25 percent think their organizations will be forced to decrease security spending this year. Where they expect their spending to increase, at least half pointed to priority areas being identity and access management, endpoint security, web and email security, and data security.
- COVID-19 may impact cybersecurity priorities. ESG/ISSA believes that while it is noteworthy that 30% of the cybersecurity professionals participating in this project say that cybersecurity will be a higher priority, 70% report that they don’t know or don’t believe that this crisis will lead to cybersecurity becoming a higher priority.
Finally, is COVID-19 causing cybersecurity professionals to be concerned about their jobs or career choice? Overall, the answer seems to be “no” to both questions, however, the data seems to indicate that there is more uncertainty in the short-term about current cybersecurity jobs.
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