Organizations, in their chase to become global leaders, are ignoring signs and are on the brink of a cyber crime crisis. They can take cognizance of how Trojan horses in the battle of Troy led to its downfall.
With COVID-19, the situation has turned worse due to unprecedented large-scale work-from-home scenarios for enterprises, and that has changed the rules of the engagement.
Every nanosecond there are millions of bytes of data shared across various digital platforms with growing complexities. The nature of this leaves much scope for cyber attacks.
Cyber attacks can potentially disrupt business and can lead to derailment of the company for an hour, a day, a month, a year or forever. Experts predict that by 2021 cyber crimes will cost trillions of dollars.
Technology is like a double-edged sword, which is responsible for optimizing processes with usage of mobility, cloud adoption, digitization, and bringing along with it, security risks that could cost the business everything.
What should organizations do as a way forward?
At the outset, an organization needs to become aware of various cyber security threats. Cyber threat intelligence can help identify security threats for IT teams to ensure cyber criminals are kept at bay. Some of the key security trends noticed in the last few years are as below:
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