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IT Security is a Long-Term Investment

Susie McDonald

43 SECOND READ

According to Canon's latest Office of the Future Survey, the same digital transformations that are making companies more productive, efficient, and innovative are also unearthing security vulnerabilities.

 

For example, nearly half (46%) of survey respondents say they're spending less than 5% of their IT budget on security. Only 25% have state-of-the-art disaster recovery procedures in place. An astonishing 40% have no security agenda in place yet for 2020. And 25% of survey respondents think their employees have limited or no understanding of security threats or prevention.

 

Maybe we just spend a lot of time in the IT trenches, but it seems pretty obvious to us: if you don't invest in security, you aren't secure. So, we're a little shocked that 90% of the respondents think a data breach will only cost them about half a year's revenue. The real figure is one to seven years of revenue. Ouch.

 

We write this blog to help you think a little more realistically about security risks like these:

 

  • Insider threats
  • Human error
  • Ransomware
  • Malware
  • Violations of the California Consumer Privacy Act (CCPA)
  •  

Whether you're beefing up your existing security plans or starting from scratch, we're here to help.

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