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Covid-19 pandemic forces significant surge in tech investments

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Companies spent the equivalent of around US$15 billion extra on technology to enable safe and secure home working during Covid-19, as reported in the 2020 Harvey Nash/KPMG CIO Survey.

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.

With the pandemic accelerating digitalization, IT leaders can look at implementing key cybersecurity measures such as embedding pragmatic remote working security controls to deal with Covid-19 themed threats, conducting stress test to review the organization’s security protocols, as well as bolster cloud transformation and cyber resilience.

“The pandemic has been a wakeup call for many and has hastened the pace of digital transformation here in Malaysia. This dramatic shift required organizations to rethink their digital strategy to cope with the risks and upskill their talent without compromising on the security and privacy aspects of their organization, especially in this new way of working today,” said Datuk Johan Idris, Managing Partner, KPMG in Malaysia.

Click here to read the full article published in Borneo Post Kuching or Borneo Post Online

© 2020 KPMG PLT, a limited liability partnership established under Malaysian law and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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