C-suite executives expect changes made in response to COVID-19 to become permanent

Published: Friday, 18 September 2020 08:25

The vast majority (83 percent) of C-level executives expect the changes they made in the areas of people, processes, and applications as a response to the COVID-19 pandemic to become permanent, according to data from a new survey-based report published by Radware.

According to the report, ‘C-Suite Perspectives: Accelerated Cloud Migration but Lagging Security’, the pandemic accelerated the migration of business infrastructure and applications into the cloud. 76 percent of companies adopted cloud services faster than they had planned, and 56 percent of respondents said that the contactless economy - e-commerce, on-demand content, video conferencing, etc. - had a positive impact on their business. The quick migration helped to maintain business operations but potentially exacerbated cyber security gaps, due to an increased attack surface. 40 percent of survey respondents reported an increase in cyber attacks amid the pandemic. 32 percent said that they relied on their cloud provider’s security services to provide security management for their public cloud assets.

“The transition to remote work and new online contactless business models is not temporary and is affecting the future strategy on how organizations invest in cyber security,” said Anna Convery-Pelletier, Chief Marketing Officer at Radware. “Normally, businesses would make this shift over an extended period of time. However, the pandemic forced a massive shift to remote work which is now creating new security challenges.”

Other key findings include:

Radware worked with Enterprise Management Associates, Inc. (EMA) to conduct a global, online survey of 260 executives in July 2020 with nearly equal distribution of the respondents from AMER, EMEA and APAC. The respondents represent a wide range of industries with a minimum revenue of $250 million and that have 1000-9,999 employees. 

More details.