To call the times we are living through "unusual" would be an understatement. Despite that fact, we are all cautiously inching our way back to familiar routines and activities. The world of business is in a similar situation, with many companies continuing recovery efforts amid economic uncertainties and a perilous quandary of choices. A state of cyber chaos lingers in the shadows of every decision, where wrong decisions and gaps in security could spell failure — and even certain ruin — for industries that are teetering on edge.
Significant security weaknesses emerged for many US businesses during the rapid transition from "in-person" to remote in March 2020. Security budgets shifted from planned updates and upgrades to accommodate the increased expense of running a remote workforce, combined with the hard economic time that befell many industries. Existing security technologies are being extended in place, expected to face "novel" threats and viruses. In the haste of business survival and adaptation, information technology maturation will stall — if things such as security, governance, monitoring, and analysis fall.
The Threat Surge of 2020: Everything Is a TargetIn 2019, cybercrime statistics showed that over $1.5 trillion in impact and losses siphoned off the economy — and that was before COVID-19. Today, cyber threats are more prolific than ever, and the ranks of active cybercriminals have at least doubled since massive unemployment and economic uncertainty rocked global economies. Cybersecurity has become a significant industry focus as cyberattacks have spiked up to 4 ..
Support the originator by clicking the read the rest link below.
