Page 61 - Cyber Defense eMagazine December 2023

The Balancing Act for Mid-Market Firms: Navigating

Digital Growth and Security Hurdles

By Kevin Beasley, CIO, VAI

Increased competition and new regulatory requirements are increasing the tempo of digital transformation
among mid-market companies.

In fact, Deloitte’s 2023 Mid-Market Technology Trend report found that technology spending among this
cohort is at its highest level since 2019.

However mid-market companies face cybersecurity challenges when it comes to their expanding digital
footprints. It’s hard to find the cybersecurity talent that businesses need to fend off ransomware attacks
and manage software vulnerabilities. They are resource-constrained in other ways: with limited or non-
existent recovery plans, and an absence of training for key employees.

"Cloud Enterprise Resource Planning (ERP) systems are a strong antidote to the cybersecurity maladies
mid-market companies face. Here’s why.

Cyber Defense eMagazine – December 2023 Edition 61
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