Page 37 - Cyber Defense Magazine for August 2020
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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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