This was because of the very real danger of cyberthreats targeting the modern connected enterprise. Until the COVID-19 pandemic changed the world, Cybersecurity was seeing increasing budgets. Now more than six months into the pandemic, 23% of CIOs are finding IT budgets remain frozen, with 49% seeing a decline in funding for IT. The latter issue has seen companies the world over almost overnight have to shift workforces into home offices and take on the challenge of remote security.Īll of these changes have been done under the specter of tight budgets brought about by the economic pressures from the COVID-19 pandemic.Ī Pulse survey into IT budgets during the pandemic found many budgets were frozen. Physical and mental health has taken a heavy toll economies are under threat and organizational processes and security have been pushed to the limit with home working. 2020 has been an incredibly challenging year.
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