ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Citrix® Study Reveals State of Secure Remote Work

74 percent of security decision makers across US and Europe say procedures and controls have become more complex; 73 percent struggle to manage increase in threats

“It was like changing an engine on a plane while it was in flight.” That’s how one security decision maker described the shift to remote work the pandemic forced last year. And as revealed by The State of Security in a Hybrid World, a survey of 1,250 security decision makers across medium to large organizations in the US, the UK, France, Germany and the Netherlands conducted by Citrix Systems, Inc. (NASDAQ: CTXS), things haven’t gotten any easier.

Securing the Future of Work

With end users working from anywhere – in some cases using personal devices to access cloud apps and corporate resources - the attack surface is larger than it has ever been. And many IT organizations are struggling to defend it. As the Citrix study found:

  • 74 percent of security decision makers say procedures and controls have become more complex as their organizations transition to remote and hybrid work
  • 73 percent are fighting to keep up with the increased volume of security threats that the models create.

Enhancing the Employee Experience

Employees today want the flexibility to work when, where and how they want using the applications and devices of their choice. In addition to security decision makers, Citrix also polled 3,603 knowledge workers, and 66 percent said it is “extremely” or “very important” to be able to work remotely or from home, on any device.

Savvy organizations recognize this.

  • 86 percent of respondents to the Citrix survey say it is “extremely” or “very important” to create a seamless employee experience, and
  • Around nine in 10 measure information security’s impact on employee experience and productivity

Changing the Game

“IT organizations are realizing that as they embrace hybrid work, their security posture needs to evolve,” said Kurt Roemer, Chief Security Strategist, Citrix. “Rather than traditional command and control-style strategies, they need to take a more intelligent, people-focused approach to security that protects employees without negatively affecting their experience.”

Most participants in the Citrix survey are taking actions to do this. In fact, 79 percent of decision makers polled say the pandemic has created an opportunity to completely rethink their long-term information security strategy with these objectives in mind.

Yet challenges remain. Among the top three cited by workers who participated in the Citrix research:

  • Poor connectivity (43 percent)
  • Navigating technical problems virtually (34 percent)
  • Inability to get IT support quickly/easily (32 percent)

Investing in the Future

The news isn’t all bad, however. While only 46 percent of security decision makers felt “somewhat prepared” for remote work when the pandemic hit, 84 percent now feel “very” or “somewhat” prepared to secure a hybrid, remote or at-home workforce.

  • 58 percent say investments in security have increased over the last 12 months by an average of 40 percent
  • 71 percent say their company’s IT environment is now more secure than it was before the pandemic struck

And that’s critical, because as The State of Security in a Hybrid World also makes clear, 52 percent of security decision makers believe most of their workforce will be permanently remote or hybrid.

“Hybrid work is the future of work, and IT will play a critical role in delivering it,” Roemer said. “With the right technology, they can provide consistent, secure and reliable access to the resources employees need to get work done, wherever it needs to get done, and empower them to be and do their best.”

Citrix provides a complete digital workspace platform that is uniquely designed to enable secure hybrid work. Click here to learn more about the platform and the value it can deliver for your organization.

About the study

The state of security in a hybrid world examines attitudes and experiences from security decision makers and knowledge workers in medium-large organizations (500+ employees in the US; 250+ employees in all other markets) as the knowledge economy transitions to a long-term hybrid work strategy. Citrix, in partnership with Sapio Research, ran an independent opinion research study, interviewing 1,250 security decision makers (job titles included Manager, Senior Manager, Director and Vice President), working in large and mid-market businesses. Respondents were based in the US (413 respondents), the UK (203), France (218), Germany (209), and the Netherlands (207). In addition, the study also polled 3.603 knowledge workers based in medium-large organizations in the US, UK, France, Germany and Netherlands.

About Citrix

Citrix (NASDAQ: CTXS) builds the secure, unified digital workspace technology that helps organizations unlock human potential and deliver a consistent workspace experience wherever work needs to get done. With Citrix, users get a seamless work experience and IT has a unified platform to secure, manage, and monitor diverse technologies in complex cloud environments.

For Citrix Investors:

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the impact of the global economy and uncertainty in the IT spending environment, revenue growth and recognition of revenue, products and services, their development and distribution, product demand and pipeline, economic and competitive factors, the Company's key strategic relationships, acquisition and related integration risks as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. The development, release and timing of any features or functionality described for our products remains at our sole discretion and is subject to change without notice or consultation. The information provided is for informational purposes only and is not a commitment, promise or legal obligation to deliver any material, code or functionality and should not be relied upon in making purchasing decisions or incorporated into any contract.

© 2021 Citrix Systems, Inc. Citrix, the Citrix logo, and other marks appearing herein are the property of Citrix Systems, Inc. and may be registered with the U.S. Patent and Trademark Office and in other countries. All other marks are the property of their respective owners.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.