5 trends making cyber security threats riskier and more expensive

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Since the pandemic the cyber world has become a far riskier place. Even more alarming is that these attacks are happening despite businesses doubling down on their cyber security spend.

Cyber ​​security is at a critical inflection point where five mega trends are making the threat landscape riskier, more complicated, and costlier to manage than previously reported. To better understand the evolution of this threat landscape, let’s examine these trends in more detail.

1. Everything becomes digital

The sudden explosion in connectivity has accelerated digital transformation in governments and businesses by almost seven years, according to a McKinsey report. With infrastructure and related services far more internet accessible than they were pre-COVID, attackers have gained ample opportunities to compromise remote users, vulnerable systems, and defenses.

The pandemic also forced workers to become more digitally dependent. The corporate perimeter that traditionally protected employees in an office setting has today become irrelevant. Workers are accessing corporate resources from personal devices, using unsecured public Wi-Fi networks, and putting organizations at increased risk of breaches and cyber attacks.

2. Organizations become ecosystems

Organizations are opening their infrastructure and resources to an extended body of manufacturers, supply-chain suppliers, and partners to share information and make trade barriers less obtrusive.

Such changes are posing cyber risks for organizations because it is challenging to manage, secure, and regulate an entire ecosystem that is beyond the control of the enterprise. Cyber ​​attacks in the supply chain jumped 51 per cent last year according to an NCC Group study.

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