The business impact of COVID-19 has been felt in many different industries. Cybersecurity is one industry that has seen a huge impact, with the increase of hacks, malware and phishing attempts popping up all over the place as more and more people work from home.
The pandemic and its effects have shone a light on the flawed security practices of some companies. As the dust settles down, executives and regular employees will start to see cybersecurity in a different light and drastic changes will follow.
Experts Will Become More United
As hospitals and clinics become victims of malicious attacks that can put innocent lives in danger, cybersecurity experts have started to combine efforts to fight cybercriminals. Industry groups such as the COVID-19 Cyber Threat Coalition (CTC) have popped up in an effort to combat cyberthreats related to COVID-19. With a massive membership network compromising of more than 3,000 members, the group shares data about threats to help prevent them.
The U.S. Department of Homeland Security has also made it a goal to build a more unified cyber ecosystem that promotes close partnerships with other federal and nonfederal agencies. With government agencies and industry groups rallying cybersecurity professionals together, the industry may see a shift toward unity.
Risks Will Increase
There has been a marked increase in attacks since the pandemic started, and those attacks have only begun. To follow social distancing guidelines, employees have been working remotely at home. While this has been going on for a while now, companies have started exploring the options for and benefits of having remote workers. But while this convenience is great for employees, it poses increased risks that cybersecurity professionals will need to deal with.
Businesses are still playing catch-up with the security necessities of remote workers. It will take some time for the necessary technologies to keep remote workers safe to be adopted and utilized effectively. The time it takes for that will last beyond the pandemic; in the meantime, the cyber risks will continue to increase.
Companies Will Pay More Attention To Their Cybersecurity Team
As some businesses learned the hard way, it’s difficult for a business to remain up and running when its servers have been hacked and its data has been encrypted by ransomware. Business continuity will become a major factor and cybersecurity will be at the top of the list. If businesses see the cost-saving opportunities in having remote workers, then they will need to adopt the necessary technologies and make sure their cybersecurity professionals can handle the work.
Proactive Cybersecurity Will See a Rise
As the media quickly spreads the news when large companies get hacked, companies will want to avoid being announced as the next victim of cybercrime, which can cause drastic effects on a company’s reputation and a large financial loss.
Employees will be pushed toward finding vulnerabilities in their current system to help prevent attacks before they occur. It’s safe to say that most businesses already have reactive cybersecurity strategies in place, but as the focus on the dangers of getting hacked increases, company leaders will want more reassurances that they’re being as safe as they can.
With the vast majority of successful cyberattacks caused by human error, staff training will become the No. 1 priority of any company wanting to stay safe.
Demand for Professionals Will Go Up
As the attacks get more complex, companies will scramble to hire a knowledgable enough workforce to deal with these attacks. As companies explore the option of remote work, professionals who are savvy enough to know how to keep employees safe will be in big demand.
Even now, cybersecurity specialists with experience are in high demand. The key phrase here is “with experience,” but as the demand outweighs the supply, companies may become more open to training or hiring cybersecurity professionals with little to no experience, as IBM, Palo Alto Networks and other large companies have already started to do.
The pandemic has exposed failed security practices of companies and has caused waves of change in the cybersecurity world. Even though investing in cybersecurity might not make companies money, it can save them an unmeasurable amount of costs.