A few weeks into January, there is still time to put on our fortune teller hat to make IT predictions for 2022. This is an opportunity to predict the trends, technologies, and challenges that enterprises will experience over the next 11 months. While we don’t claim to have any clairvoyant powers, we do have a good pulse on how the coming year will play out due to our involved client partnerships and our commitment to identifying and embracing new technology solutions that add value to our clients.
Unfortunately, as technology evolves, it’s not just the enterprise that benefits from the latest and greatest tools – so do the criminals who use them to attack businesses. With enterprises pushing forward with digital-first initiatives, it’s a matter of when, not if, they will be faced with a cybersecurity threat. Because of this assumed risk, it is no longer enough to just have the right technology in place; it’s imperative for your enterprise to have a cybersecurity strategy to prevent, detect, and overcome a ransomware attack.
What is your enterprise’s cybersecurity process when it comes to ransomware preparedness? As a heavily relied upon technology leader, this is a critical question to ask yourself. Remember, there are two types of companies – those that have been hit with ransomware and those that eventually will be. According to numbers recently published by Cybersecurity Ventures, a ransomware attack occurs every 11 seconds. On average, each incident costs an astounding $700,000 in damages.
There used to be a single test to determine the effectiveness of your data backup strategy. It centered around successfully restoring your data from a backup, and you would rest easy knowing that you would, in theory, recover from a data loss event. It was really that simple. Still, there were some security concerns as you did not want just anyone accessing the backups who might accidently (or inadvertently) delete them. There was also the threat of confiscating a backup tape containing sensitive or valuable data by an imposter. For the most part, the data backup system was out of sight and out of mind for everyone other than the backup administrator.
Over the last decade, the topic of cybersecurity has shifted from being a technical subject to a mainstream topic impacting every facet of the organization. As cyberattacks become increasingly more sophisticated, frequent and disruptive executive leaders now face a new complex blend of issues, including economics, business processes, and psychology.
Days after the attack on the Colonial Pipeline, MIT Sloan School of Management professor, Stuart Madnick, said in an interview, “I often say the worst is yet to come.” While this is not a time for pessimism, the trend certainly appears to be headed in the wrong direction. 2021 has brought significant, far-reaching cyber catastrophes: ransomware has taken down one of the largest oil pipelines in the country, the largest meat processing company in the world and the police department of our nation’s capital. Even a ferry operator in Martha’s Vineyard found itself attacked.
Today’s cybercriminals are better equipped and are utilizing technology that’s more advanced by the day. With the value and importance of data only growing, protecting that data has never been more essential and enterprises need all the help they can get. With this in mind, we recently held a cybersecurity event to share information on key topics including:
Even as enterprises put the chaos of 2020 behind them, cybersecurity holdovers from the past year continue to haunt IT security teams. In addition, new security threats rear their ugly heads every day, keeping IT on their toes.
Between continued challenges relating to the pandemic and the normal busy workload shouldered by IT security teams, staying on top of the latest developments is more difficult than ever. To make sure you’re up to date and ready to face any threat that comes your way, we’ve listed the top highlights from FortiGuard Labs’ Semiannual Global Threat Landscape Report.
Keeping on top of the latest security trends, threats and solutions is an increasingly difficult task. To help security teams keep track, we’ve broken down Cisco’s 2020 Cybersecurity Report and pulled the top five highlights that all security professionals should know.