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COVID-19: Despite Warnings, 72% of Business Caught Unprepared For Remote Work

Michael Guess
Michael Guess
October 14, 2020

Earlier this year it was predicted that as the pandemic hit, IT would need to be prepared for how work life was about to change. Despite the prediction, nearly 3 out of 4 businesses were caught flat-footed and unprepared for a fully remote workforce. Not only that, but per Forbes Magazine, KPMG has found that 70% of large company CEOs are planning on downsizing office space which means these moves are becoming permanent.

As the COVID-19 pandemic hit, 56% of workers surveyed said they were unable to utilize their work equipment from home, leaving them dependent on their personal devices to access their business' systems from home or over public Wi-Fi, having to purchase equipment to enable them to do their job, and a staggering 72% say they don't have a dedicated workspace. What does all this mean? Workers reporting burnout are at an all-time high. Mistakes are more likely and infrastructure is vulnerable. When you consider over 60% of small businesses that are victims of ransomware attacks going out of business the threats are real and growing. According to survey by Xerox, businesses are now having to play catch up with over half of senior IT leaders reporting needing increases in their IT budgets to accommodate all of the new technology and tools needed to manage this shift.

That is why Venture Lynk offers a variety of tools to help manage risk with your vendors and coming soon, tools to help manage risks inherent in having remote teams with our Remote Access Cyber Security Service. Visit Venture Lynk to schedule an appointment or contact Venture Lynk at 213-421-3050 to learn more about our vendor risk management services.