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Laxman Pai, Opalesque Asia: COVID-19 forces one of the biggest surges in tech investment in history as companies spent around US$15bn extra a week on technology during the pandemic's first wave, find the world's largest tech leadership survey.
The 2020 Harvey Nash/KPMG CIO Survey claimes that this was one of the biggest surges in technology investment in history - with the world's IT leaders spending more than their annual budget rise in just three months, as the global crisis hit, and lockdowns began to be enforced.
The largest technology leadership survey in the world of over 4,200 IT leaders, analyzing responses from organizations with a combined technology spend of over US$250bn, also found that despite this huge surge of spending, and security & privacy being the top investment during COVID-19, 4 in 10 IT leaders report that their company has experienced more cyber attacks.
Over three-quarters of these attacks were from phishing (83 percent), and almost two thirds from malware (62 percent) suggesting that the massive move to home working has increased exposure from employees.
At the same time, organizations have struggled to find skilled cybersecurity professionals to support this dramatic shift to homeworking - and report that cybersecurity (35 percent) is now the most 'in demand' technology skill in the world. This is the first time a security-related skill has topped the list of global technology skills shortages for over a decade.
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