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Firms see security as a cost rather than an investment

STX Next’s Global CTO Survey revealed over half of global organisations still do not have a Bring Your Own Device (BYOD) policy in place across their business. This is despite a widespread shift to home working and its continued prevalence as restrictions tighten across Europe.

Key findings from the investigation included: Almost 80% of participants do not have a dedicated team or department providing security services to the organisation. 40% of organisations are using specialised companies for security and cybersecurity. For those organisations with a BYOD policy, 13% do not even use multi-factor authentication.

Chairman Maciej Dziergwa, said: “The data obtained from our survey brought to light some interesting (and concerning) realities around the approach organisations have towards cybersecurity. Unfortunately, it seems many still see security as a cost rather than an investment.”