Middle market trend watch: Cybersecurity

Ensuring cybersecurity across organizations remains a critical issue for middle market companies, and is underscored by digital vulnerabilities occurring amid the COVID-19 pandemic. Many businesses are challenged with new security threats due to an increased remote workforce, stresses on legacy networks and resource constraints tied to the tightening economy. RSM explored cybersecurity and related trends in a recent Middle Market Business Index special report due out in the coming weeks. Findings included:

The Takeaway

To strengthen cybersecurity efforts, businesses should consider the following:

• Assess physical, cyber and personnel vulnerabilities from various attack scenarios
• Develop an enterprise security program that includes compliance with evolving data privacy regulations
• Create an agile governance structure across all facets of security that aligns with your business strategy
• Build a culture and awareness within your business around key cybersecurity considerations