Press release
CrowdStrike APJ Report Reveals Nearly 3 out of 4 Business Leaders See Cybersecurity as a Top Priority In COVID-19 Recovery
Despite severe economic downturn, organizations expect increased technology budgets to support escalated digital transformation in today's new business
About this update from Crowdstrike Holdings, Inc.
[{"type":"text","content":"\nDespite severe economic downturn, organizations expect increased technology budgets to support escalated digital transformation in today's new business normal \n\n SYDNEY--(BUSINESS WIRE)--\nCrowdStrike® Inc. (Nasdaq: CRWD), a leader in cloud-delivered endpoint protection, today announced the release of the 2020 CrowdStrike Asia Pacific and Japan (APJ) State of Cybersecurity Report, produced by independent research firm StollzNow. Commissioned by CrowdStrike, the study surveyed 2,017 business leaders in Australia, New Zealand, India, Singapore, Philippines, Thailand, Malaysia, Indonesia, Hong Kong and Japan. The study found that amongst those respondents who believe there should be more investment in remote working, the highest number (74%) list enhancement of cybersecurity measures as a priority for additional investment. Further, despite a grim economic outlook, 65% expect technology budgets to increase.\n\n\nThe report indicates that many organizations have experienced digital transformation at an unprecedented pace and scale across business segments and operations, as they have quickly moved to mass remote working arrangements during COVID-19 in order to survive. In fact, 44% of business leaders surveyed said the pandemic accelerated their move to cloud solutions, while 82% say COVID-19 changed the way they interact or deliver products and services to customers. These results indicate a strong shift and rapid investment into transformation projects that move from on-premises security solutions to next generation cloud-native solutions as organizations look to protect today’s distributed workforce.\n\n\nAs cybersecurity is front of mind for budget allocation, many respondents have recognized that COVID-19 has brought on a massive increase in cyber threat behavior. In fact, CrowdStrike observed an increase in eCrime activity up over 330% since the start of the year versus in 2019. As business leaders look forward and put the initial shock of the pandemic behind them, the issues of solidifying a secure digital transformation, prioritizing and assigning budgets to appropriate and most critical areas, including cybersecurity training, and protecting new supply chains will need to be addressed.\n\n\n“The COVID-19 pandemic may have had the biggest impact on the way organizations operate since the introduction of office PCs. The r...