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Cybersecurity challenge in 2021: Cyber attacks will cost the world up to $11.4 million every minute*

A recent report predicted that soaring rates of cybercrime will cost the world up to $11.4 million every minute in 2021.* Estimates predict that a business will fall victim to a ransomware attack every 11 seconds in 2021.^  There are three big areas of concern.

1.  Data privacy. The FinTech and Healthcare industries are particularly at risk. First there’s the huge increase in online banking. And second, as countries establish travel bubbles and green lanes to boost their travel and hospitality sectors, more personal health data is being shared across borders. Both of these require heightened security action.

2.  Remote working. As more people are working remotely from their own devices, this is creating increasing endpoint security issues for companies, and opening new paths for cyberscriminals to access confidential data. As a result, services like Zero-Trust Network Access (ZTNA) and Secure Access Service Edge (SASE) will be important.

3.  5G implementation. With the high speeds and low latency benefits of 5G, the number of connected devices and the quantity of shared data is likely to increase.  It is inevitable that this will attract malicious actors and growing levels of risk. Mitigating this risk with much higher levels of cybersecurity and monitoring will be essential.

Protect yourself against cyber attacks:
 As an experienced  Managed Security Service Provider , we understand all these concerns, and we can help enterprises stay ahead of cyber attacks with our wide range of Managed Security Services. Find out more, or take up our Free consultation to help you build an effective cybersecurity strategy.
*Source: The Global Risks Report 2020
^Source: Cybersecurity Ventures


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