Cybersecurity

From malicious viruses, malware, denial of services’ attacks to ransomware attacks, the attacks are becoming more sophisticated and are well-funded. This means the attackers are capable to use advanced technologies to break into the strongest of the security systems. The financial impact of global cybercrime is expected to reach a horrendous amount of USD 6 trillion in 2021 and can increase to USD 10.5 trillion annually by the year 2025.

More and more people are participating in online gambling, which has long been the prey of attackers. Cybercrime is turning out to be a pressing issue for businesses worldwide.

The rise in technologies like Cloud computing, the Internet of Things (IoT), 5G, Artificial Intelligence, etc. is no doubt helping the world become more interconnected. However, the primary downside to this growth is the increased vulnerability to cyber-attacks. Major cloud security threats include access to cloud storage, data breaches and leaks, data loss, and insecure APIs.

The pandemic has completely changed working style.With a large number of organizations switching to a flexible or remote working model (Work From Home), security experts predict a rise in cyberattacks targeted at the weak and unidentified home networks. As employees work from home or use their own devices to log into company accounts, they are at constant risk of being targeted by bad actors.One wrong click to compromise your personal data and assets.