The Top Cyber Security Roadblocks Facing Companies

The Top Cyber Security Roadblocks Facing Companies

In our previous post, we discussed the importance of creating an effective cyber security strategy, citing factors that present the biggest challenges to business owners nowadays. Of course, when creating any type of security strategy, there will be challenges. A recent report revealed the most common cyber and network security roadblocks facing companies today. Understanding these roadblocks is the first step in successfully getting ahead of cybercrime.

Roadblock 1: Respondents of an EY study stated that they realize cyber threats are growing, and yet have known vulnerabilities in their cyber defense systems. When it comes down to it, organizations are not moving fast enough to mitigate known risk factors when it comes to cybercrime. So basically the roadblock facilities are facing is a lack of agility.

Roadblock 2: Budgeting for cyber defense is another challenge faced by businesses nationwide. There is clearly more attention on cybercrime now than ever before, however this interest doesn’t appear to be equating to additional money or reallocating funds to be used for cyber defense.

Roadblock 3: There is a significant amount of cyber security skill missing from the average business. The lack of specialists in this field is reportedly a constant and growing issue. Even in non-technological businesses, cybersecurity tactics and strategies should be integrated in so staff has at least a little knowledge of digital use best practices.

Whether it’s a lack of agility, budget, or skills, companies need to improve their cyber security methods in order to get ahead of the growth of cybercrime. It’s not a simple process, but it’s not unmanageable either. At PLRisk Advisors, our Privacy and Network Security Coverage is the solution to helping your clients manage and protect against cyber risk. Please contact us today for more information at (855) 403-5982.