Almost half (49%) of enterprises say data security concerns will prevent them from investing in new technology over the coming year, according to a survey by Daisy Corporate Services.
The report shows that companies see tech as a key enabler for cost savings, but fear upgrading legacy systems with one quarter of enterprises believing cybercrime will be their main challenge for the next year.
This is reflected by 55% of organisations confirming that strengthening protection against cybercrime is a top business priority in the next 12 months, with a further 21% stating that enabling a secure hybrid workforce is a key focus.
“Even with the best-laid business plans, enterprises will be unable to function if they are hit with a cyber security issue,” said Lyndsey Charlton, COO at Daisy Corporate Services.
“For many mid-sized organisations it will be a case of making sure that they are working with trusted partners that can help them purchase, deploy and manage new technology.”