Less than a quarter of British organisations, at 24%, are giving priority to security in their technology investment, as per a new report compiled by software company Advanced.
According to the company, the trend needs to urgently change with cyber security and also data protection to be seen as enablers for, rather than hurdles to, digital transformation.
Dubbed as ‘The 2019 Digital Business Report’, the study is an independent survey taken up by Advanced. It explored the state of digital transformation for more than 500 British businesses, which includes SMEs and also large enterprises.
The report showed that only a third of respondents, at 34%, believe that regulatory change is encouraging the purchase of new technology in their organisation.
Advanced security and compliance director Justin Young said: “The GDPR should have been a wake-up call for organisations to better protect their customers’ personal data.
“Why, then, are so many businesses still failing to take security seriously? Information security is important, not only because it can improve customer confidence, support good data governance and demonstrate compliance with the GDPR, but also because it’s actually a key driver to achieving successful digital transformation. In fact, no technology should be implemented without understanding its security implications.”
The 2019 Digital Business Report finds that a little over the surveyed firms, at 53%, have a security strategy in place.
More than a third who were surveyed are of the opinion that security concerns are holding them back from implementing a successful digital strategy. The software company said that although it is not clear from the research what the concerns are, other reports indicate that shortage in skills can be blamed.
The research found that 15% of SMEs and 23% of large organisations reckon that a lack of leadership or direction is a barrier to achieving the desired digital strategy.
Young said: “What’s clear is that organisations need to act now. They need to work out what skills they do have in-house to manage the basics and then, if needed, work out what to outsource and prioritise raising awareness across the rest of the workforce.”