IT Asset Management bridges the gap between remote work and cybersecurity

ITAM: The critical link between remote work security and escalating data breach costs

News By Hiren Hasmukh published 10 October 2024

In today's evolving digital landscape, businesses must face two new paradigm shifts: remote work and its link to escalating data breaches. For organizations navigating this, IT Asset Management (ITAM) has quickly become important in bridging the gap between remote work and cybersecurity.

The New Reality: Remote Work and Cybersecurity Risks

The global shift to remote work changed how businesses function. Even if the model has offered flexibility and cut costs, it has also increased security vulnerabilities. Every remote device now represents a potential entry point for cyber threats, creating new obstacles for IT teams:

More Devices: Employees use a mix of company-issued and personal devices, making it difficult to maintain consistent security standards.

Network Vulnerabilities: Home and public Wi-Fi networks create security risks.

Shadow IT: Remote workers sometimes use unauthorized software solutions.

Data Protection: Sensitive information is now spread across multiple locations.

At the same time, the financial impact of data breaches increases substantially every year. IBM's Cost of a Data Breach Report 2024 reports that the average breach now costs $4.88 million—a 10% increase from the previous year. Alarmingly, 40% of these costly breaches involved data distributed across multiple environments.

Are you a pro? Subscribe to our newsletter

Sign up to the TechRadar Pro newsletter to get all the top news, opinion, features and guidance your business needs to succeed!

Contact me with news and offers from other Future brandsReceive email from us on behalf of our trusted partners or sponsors