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New Work Dynamics in Era of COVID-19 Expose Legacy Cybersecurity Issues

Cybercriminals know no mercy. Even now, during the COVID-19 pandemic.
For the past few months, as people have seen their lives turned upside down, and companies struggle to stay above water in a sinking economy, bad actors are ramping up their efforts.
From phishing scams to DDoS attacks to ransomware and malware, bad actors are capitalizing on an ecosystem ripe for the picking. Business continuity strategies prepare companies for a whole slew of disastrous events, but a pandemic, for many, is something else altogether.
So, as companies adjust to these new dynamics and quickly transition to remote workforces, new cybersecurity challenges arise. Not only must organizations continue to secure devices on their network, they must also protect their employees use of these devices from their home networks, as well as the instances where employees use personal devices to access the corporate network.
Unfortunately, many companies are plagued by insufficient or outdated cybersecurity infrastructure and practices—putting them at significant risk. 
A large, empty office environment.

COVID-19 Exposes a Legacy of Cybersecurity Gaps

A study conducted by Gartner in 2018 found that 65 percent of top-performing organizations employ a cybersecurity expert, but only 35 percent of respondents had invested in digital cybersecurity tools.
While the general consensus was that cybersecurity is important, barely over a third of organizations represented were taking steps to bridge the gap. This becomes especially problematic at times like these with so many employees working from home.
Just what does that cybersecurity gap look like within an organization? Here are several common shortcomings that leave organizations vulnerable to cybercrime:
  • No executive ownership of cybersecurity: Security should not solely be the responsibility of an organization's InfoSec team—it has to be a top-down initiative, part and parcel of the company's culture. If leadership does not emphasize and own strategic cybersecurity measures, it's difficult to gain traction with employees.
  • Lack of policy or protocol: In addition to executive buy-in, there must be a robust system in place. This includes routine monitoring, device policies, authentication factors, and employee training and education. And effective cybersecurity means full protection at all times, not just traditional business hours. Without a 24/7 security operation, bad actors can and will gain access to vulnerable infrastructures.
  • Lack of trained personnel: It's no secret that there is a major skills gap in the cybersecurity industry. If organizations are not able to manage their cybersecurity needs in-house, a third-party vendor is a viable option.
These vulnerabilities were not created by the pandemic. They are, however, being exploited by cybercriminals more than ever before to take advantage of these chaotic times.
Yet, organizations that have made the shift to a work-from-home workforce do not have to sacrifice security. While creating a security operations center (SOC) or implementing adequate cybersecurity protocols internally may not be feasible for many organizations, they don't have to go it alone. They can outsource security operations to a leading provider.

Team with a Security Operations Provider

Falling prey to cybercrime impacts reputation, organizational performance, and revenue. If you're struggling to stay secure during this new normal, or if you need the capabilities of a security operations center (SOC) but lack the people and time to do so internally, consider partnering with a vendor who can deliver the security operations you need.
See how the Arctic Wolf Concierge Security® Team can help your organization prevent intrusions, monitor and detect threats, and contain and respond to incidents quickly, especially critical now as organizations transition to a remote workforce. Don’t wait: Discover the total economic impact of Arctic Wolf security operations solutions now.