Fortinet Research Demonstrates Enterprises Must Adapt to Address Telework Security Challenges Long-term

2020 Remote Workforce Cybersecurity Report Shows How Organizations Are Increasing Investments to Secure Remote Work at Scale

SUNNYVALE, Calif., Aug. 19, 2020 (GLOBE NEWSWIRE) --

John Maddison, EVP of Products and CMO at Fortinet“The COVID-19 pandemic will have lasting effects on how organizations invest in cybersecurity. In fact, over 90% of enterprises plan to invest more to secure telework over the next two years. Given a dramatically expanded digital attack surface, the waves of cyber threats targeting remote workers, and the ongoing cyber skills gap, organizations need to carefully consider what technologies and approaches are needed to secure their telework strategies long-term. They have an opportunity to maximize their investments with cybersecurity platforms designed to provide comprehensive visibility and protection across the entire digital infrastructure, including networked, application, multi-cloud, and mobile environments. This ongoing shift to remote work will also require more than just technology; cybersecurity training and awareness should also remain key priorities.”

News Summary Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, today unveiled the 2020 Remote Workforce Cybersecurity Report.

• The report investigates the cybersecurity challenges that organizations faced as a result of the dramatic shift to telework early this year and the planned investments to secure remote work in 2020 and beyond.
• This report is based on a survey conducted in June 2020. Participants are employed in 17 different countries, representing nearly all industries and the public sector.
• For a detailed view of the report, as well as some important takeaways, read the blog. Highlights of the report follow.

The Sudden Shift to Telework Was Challenging for Most Organizations

• As the COVID-19 pandemic spread rapidly in the first half of 2020, many organizations were required to shift to telework practically overnight as teams around the globe were asked to stay home. Nearly two-thirds of the firms surveyed had to rapidly transition over half of their workforce to telework. In addition, most respondents said the rapid change presented a challenge to their organization, with 83% citing it as moderately, very, or extremely challenging. Only 3% were not at all challenged.
• In addition, the evolving remote work environment, increased reliance on personal device usage, and overall influx of workers outside the corporate network opened an opportunity for unprecedented cyber threat activity. From opportunistic phishers to scheming nation-state actors, cyber adversaries found multiple ways to exploit the global pandemic for their benefit at enormous scale as evidenced by a recent FortiGuard Labs Global Threat Landscape Report. Threats included phishing and business email compromise schemes, nation-state backed campaigns, and ransomware attacks. In fact, 60% of organizations revealed an increase in cybersecurity breach attempts during the transition to remote work, while 34% reported actual breaches in their networks.
• With a spike in employees remotely connecting to the corporate network, an increase in breach attempts and overall cyber attacks, organizations cited the most challenging aspects of this transition as ensuring secure connections, business continuity, and access to business-critical applications.
• At the time of the survey enterprises had already invested in key technologies as a result of the pandemic. Nearly half of organizations invested further in VPN and cloud security, while nearly 40% invested further in skilled IT professionals or network access control (NAC).

There is Still Room for Improvement: Almost All Enterprises Will Invest More in Secure Telework

Given the number of attempted breaches and overall waves of cyber threats targeting remote workers, organizations need to carefully consider what technologies and approaches are needed to secure telework moving forward. Defense strategies need to be adjusted to fully account for the extension of the network perimeter into the home.

• As of June this year, a long-term shift to telework is anticipated, with nearly 30% of organizations expecting more than half of their employees to continue working remotely full time after the pandemic.
• Almost all organizations expect to invest more to secure telework long-term, with nearly 60% of enterprises spending more than $250,000 in secure telework investments in the next 24 months.
• Moving forward, the majority of enterprises surveyed intend to make unplanned upgrades to their existing systems to secure telework. Many also plan to add new technologies not previously in place.
• Only 40% of organizations had a business continuity plan in place prior to the pandemic. Yet, as a result of the pandemic and the rapid shift to remote work, 32% invested further in this area.

While organizations have made improvements in securing their remote workforces since the beginning of the pandemic, survey data reveals several areas that could be considered opportunities for improving secure remote connectivity. These areas include:

• Multi-factor Authentication (MFA) – The survey revealed that 65% of organizations had VPN solutions in place pre-pandemic, but only 37% of organizations had multi-factor authentication (MFA). While VPNs play an important role in ensuring secure connectivity, they are simply one part of securing access. Therefore, if not already in place, it is recommended that organizations consider integrating MFA into their remote security plans.
• Endpoint Security and Network Access Control (NAC) – 76% and 72% of organizations plan to either upgrade or adopt NAC or endpoint detection and response (EDR) solutions respectively. As employees work remotely, organizations face challenges to control the influx of non-trusted devices on their networks to enable remote work, creating new security challenges overnight. By adopting NAC solutions, IT teams get increased visibility and control over the users and devices on their network. EDR solutions deliver advanced, real-time threat protection for endpoints both pre- and post-infection.  
• Software-defined Wide-area Networking (SD-WAN) for the Home: 64% of organizations plan to either upgrade or adopt SD-WAN, but specifically for the home office. The critical advantage of extending secure SD-WAN functionality to individual teleworkers, especially super users, is that they can enjoy on-demand remote access as well as dynamically scalable performance regardless of their local network availability.
• Secure Access Service Edge (SASE) – 17% of organizations made investments in SASE prior to the pandemic, and 16% invested in SASE as a result of the pandemic. Still, 58% plan to invest in SASE to some degree going forward. Although SASE is an emerging enterprise strategy, it is increasingly seen as an opportunity to combine network and security functions with WAN capabilities to support the dynamic, secure access needs of today’s organizations. 
• Skilled Security Professionals - At the start of the pandemic, only 55% of organizations had enough skilled IT workers in place to support the shift to remote work. And while 73% of organizations stated their intention to invest further in skilled IT workers in the next 24 months, the historical lack of skilled IT security professionals could present a challenge.

Additional Resources

• Read our blog for valuable takeaways from this research or access the full report.
• Read more about how Fortinet customers are maintaining business continuity at scale with integrated and secure Fortinet Teleworker solutions.
• Find out how the Fortinet Security Fabric platform delivers broad, integrated, and automated protection across an organization’s entire digital infrastructure.
• Learn more about FortiGuard Labs threat intelligence and research and the FortiGuard Security Subscriptions and Services portfolio.
• Learn more about Fortinet’s Network Security Expert (NSE) Training Institute, including its free cybersecurity training initiative, the NSE Certification Program, Security Academy Program and Veterans Program.
• Read more about how Fortinet customers are securing their organizations with Fortinet.
• Follow Fortinet on Twitter, LinkedIn, Facebook, YouTube, and Instagram. 

About FortinetFortinet (NASDAQ: FTNT) secures the largest enterprise, service provider, and government organizations around the world. Fortinet empowers our customers with complete visibility and control across the expanding attack surface and the power to take on ever-increasing performance requirements today and into the future. Only the Fortinet Security Fabric platform can address the most critical security challenges and protect data across the entire digital infrastructure, whether in networked, application, multi-cloud or edge environments. Fortinet ranks #1 in the most security appliances shipped worldwide and more than 465,000 customers trust Fortinet to protect their businesses. Both a technology company and a learning company, the Fortinet Network Security Expert (NSE) Training Institute has one of the largest and broadest cybersecurity training programs in the industry. Learn more at http://www.fortinet.com, the Fortinet Blog, or FortiGuard Labs.    

FTNT-O

Copyright © 2020 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet's trademarks include, but are not limited to, the following: Fortinet, FortiGate, FortiGuard, FortiCare, FortiManager, FortiAnalyzer, FortiOS, FortiADC, FortiAP, FortiAppMonitor, FortiASIC, FortiAuthenticator, FortiBridge, FortiCache, FortiCamera, FortiCASB, FortiClient, FortiCloud, FortiConnect, FortiController, FortiConverter, FortiDB, FortiDDoS, FortiExplorer, FortiExtender, FortiFone, FortiCarrier, FortiHypervisor, FortiInsight, FortiIsolator, FortiMail, FortiMonitor, FortiNAC, FortiPlanner, FortiPortal, FortiPresence , FortiProxy, FortiRecorder, FortiSandbox, FortiSIEM, FortiSwitch, FortiTester, FortiToken, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLCOS and FortiWLM.

Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments. This news release may contain forward-looking statements that involve uncertainties and assumptions, such as statements regarding technology releases among others. Changes of circumstances, product release delays, or other risks as stated in our filings with the Securities and Exchange Commission, located at www.sec.gov, may cause results to differ materially from those expressed or implied in this press release. If the uncertainties materialize or the assumptions prove incorrect, results may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Fortinet assumes no obligation to update any forward-looking statements, and expressly disclaims any obligation to update these forward-looking statements.