According to recent data, cybercrime has cost the globe $2 trillion so far in 2019. In 2017, Cybersecurity Ventures anticipated that damages will reach $6 trillion by 2021, necessitating a $10 billion worldwide investment in cyber-security measures by 2027 to guard against these catastrophic losses.
However, it is not only large corporations and organizations that are affected. Phishing scams, ransomware attacks, identity theft, data breaches, and financial losses are all common occurrences for regular customers. According to Netscout research, it just takes five minutes to hack an internet-connected gadget, which includes your smartphone, wristwatch, onboard automotive computer, smart television, and home management systems.
This implies that as we rely more on the internet, we must better cybersecurity in all forms. But first, let’s take a look at what we’re up against.
Why CyberSecurity is More Important In 2022?
The year 2021 was a disaster for cybersecurity. Threat actors were poised to capitalize on the transitory period as businesses sped digital adoption and consumers lived their lives online, viciously attacking everything from crucial health infrastructure to small and medium-sized businesses.
By the fourth quarter of 2021, the number of reported data breaches had already eclipsed the totals from the previous year, which were historic in their own right. A data breach will affect 281.5 million individuals in 2021, while cybercrime costs businesses $1.79 million every minute, highlighting the overall effect of today’s cybersecurity scenario.
As a result, more than half of CIOs consider cybersecurity to be a high operational concern both now and in the next year. Many leaders are allocating substantial resources to this cause.
According to one poll, more than a quarter of CEOs intend to raise their cybersecurity spending in 2022 to confront shifting and escalating theft trends. As organizations seek to accelerate development following a pandemic year, correctly managing resources will be important to securing digital infrastructure and maximizing return on investment.
Important tips for Cybersecurity in 2022
There are some security trends that you should not miss in 2022.
- Identification and Prevention
Phishing schemes and ransomware assaults are two of the most common strategies used by today’s threat actors. These assaults enable threat actors to operate with relative impunity while offering the potential for large financial rewards. In 2021, the scope, frequency, and cost of phishing schemes and ransomware attacks rose, and businesses can anticipate these trends to continue in 2022.
However, how organizations respond to these dangers may make or break their success. Before investing heavily in cutting-edge cybersecurity technologies, remember the human factor, which is at the heart of 85 percent of cybersecurity issues.
Employees jeopardize cybersecurity and data privacy when they click on a questionable link in an email, neglect to update their software, fail to apply digital hygiene best practices, or intentionally harm IT integrity.
Employee education may go a long way. One research (paywall) discovered that frequent staff training enhances their capacity to detect phishing attempts. Similarly, encouraging staff to follow recommended practices for digital hygiene, such as frequently changing account passwords, can help to avoid possible cybersecurity risks. Companies may address their most major cybersecurity threat – their people — when combined with employee supervision programs.
- Leadership Support
While 84 percent of respondents indicate cyber resilience is a business goal in their firm, with leadership support and guidance, a lesser percentage (68 percent) sees cyber resilience as an important aspect of their overall risk management. Because of this mismatch, many security leaders continue to complain that they are not involved in business decisions, which can impede security risk assessment and mitigation and result in less secure actions. In far too many firms, cybersecurity is still an afterthought.
- Staying Ahead Of Trends
The evolving cybersecurity landscape is undoubtedly a major worry as businesses reflect on the previous year and plan for 2022. While creating goals and assigning financial resources are wonderful outcomes of those conversations, they are most effective when implemented in response to the most recent trends and threat patterns.
In other words, just as threat actors are always seeking new vulnerabilities and attack methods, businesses cannot afford to rest on their laurels. Rather, cybersecurity must be an ever-evolving part of every successful and long-lasting business.
IT professionals should think about the security consequences of their actions, whereas security professionals should think about how their rules could affect IT activities. Defining why specific security measures are required can help colleagues comprehend not just the value proposition, but also their responsibility in preserving security. It and cyber security teams may work together to preserve business continuity and empower teams to succeed by generating stronger levels of knowledge, communication, and innovation.
In general, firms must take a proactive approach to cybersecurity. Sun IT Solutions can provide comprehensive security solutions that are suited to your unique demands if you are serious about securing your organization and its data. Our certified security professionals can assist you in implementing the appropriate security measures to keep your organization secure. Contact us right now to get started!!
Sun IT Solutions provides complete technical solutions to businesses in Toronto, ON, and the surrounding area. If you want communication or IT services, support, or solutions, we are the people to contact. Contact us online to learn more about how we can help you or which of our other IT solutions will benefit you and your company.
