Page 37 - Cyber Defense Magazine for August 2020
P. 37
COVID-19 And Security Team Cuts Are Costing Businesses
in Cyber and Financial Risks
By Samantha Humphries, security strategist, Exabeam
With 71% of cyber professionals reporting increased threats since the COVID-19 pandemic started, are
SOCs prepared to mitigate these threats? The Exabeam 2020 State of the SOC report revealed 40% of
companies reported being understaffed, which puts additional strain on security teams and makes their
jobs much more challenging.
And our latest survey reveals that this problem is being exacerbated by the challenges of working from
home, budget cuts and security team reductions. We received responses from 1,005 U.S. and U.K.
cybersecurity professionals who manage and operate SOCs. Our study included CIOs (50%) and security
analysts and practitioners from companies across 12 different industries. Employee size ran the gamut,
although the majority (53%) had between 100-249 security professionals.
The results paint a striking picture of SOC organizations trying to manage more significant security threats
with fewer resources.
Cyber Defense eMagazine – August 2020 Edition 37
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