Organisations must ensure data is secured when employees leave the business, and that it has not been transferred onto personal devicesGDPR legislation for both the UK and Europe has revolutionised the way businesses communicate, secure and store data, as well as holding businesses financially and personally accountable for when they fail to handle data correctly. In fact, GDPR fines hit a total of 97.29 million Euros in the first half of 2022, an increase of 92% over H1 2021 .
Where will IT investment be directed in 2023 and how will this impact the execution of security strategies? Despite this economic turbulence, security will remain a priority for investment. The threat landscape continues to develop at pace, and with financial and reputational damage attached to security breaches which could make or break some businesses as recession hits, minimising security budgets will be non-negotiable.
As we enter 2023, it is therefore critical for IT security leaders to consider their holistic IT strategy, instead of viewing IT and security as two separate entities.Europe is still in a recovery state from the pandemic, and other macro-economic pressures such as energy shortages and soaring inflation rates are threatening how businesses can invest and grow.