The year 2020 will be remembered not just for the coronavirus pandemic but also for the massive disruption of established working habits caused by it. And wherever there is a disruption, there are cybercriminals whose goal is to take advantage of the chaos.
However, just because the year 2020 is now behind us doesn’t mean that cybercriminals have found a new hobby—quite the opposite! Cybercrime costs are expected to grow by 15 percent per year over the next five years, reaching $10.5 trillion USD annually by 2025, according to a report by Cybersecurity Ventures, and Norton Security estimates that cybercriminals will be stealing 33 billion records per year by 2023.
That’s because cybercriminals are perfecting cyberthreats that have been around for a long time and coming up with completely new attacks that most organizations have yet to encounter in the wild. Let’s discuss some of the things you need to do to keep your business protected in 2021.
1. Enhance Your Cloud Security
Many organizations that hadn’t done so already embraced cloud computing in 2020, and the cloud will continue to be one of the top strategic priorities in 2021 and beyond, with global cloud services market spending projected to reach $1 trillion in 2024.
But not all cloud solutions offer equally robust protection against cyberthreats, even though most cybersecurity experts generally consider the cloud to be more secure than legacy systems.
To keep important data protected, organizations should carefully choose their cloud providers, focusing on those that have a proven security track record, such as Amazon and Microsoft. They should also invest in cloud-ready cybersecurity tools capable of providing complete visibility into cloud infrastructure and services.
2. Educate Your Employees
Global research and consultancy firm Forrester predicts that 33 percent of data breaches will be caused by insider incidents in 2021, up from 25 percent in 2020. The statistic includes both malicious attacks, such as those launched by disgruntled employees, as well as acts of negligence with consequences that can potentially be just as severe.
While the former type of insider incidents is more difficult to protect against because it requires a combination of multiple strategies, tools, best practices, the latter can be effectively addressed through cybersecurity awareness training.
The goal of cybersecurity awareness training is to familiarize employees with different cyberthreats and explain what they need to do to protect themselves against them. It should stress the importance of password security and, if applicable, cover the dangers of remote working, among other topics.
3. Outsource Your Cybersecurity
As cyberthreats evolve and endpoints multiply, organizations must face the fact that traditional antivirus software can no longer reliably protect them. Sophisticated phishing scams, attacks on Internet of Things (IoT) devices, social media attacks, malvertising, or fileless and living off the land (LotL) attacks are just some examples of cyberthreats that require equally sophisticated cyber defenses.
Smaller organizations with limited resources shouldn’t spread themselves thin by hiring an in-house cybersecurity team. Instead, they should outsource their cybersecurity to a provider of managed IT services and maintain a sharp focus on their core business.
At Spectrum Technology Solutions, we provide industry-leading security solutions to offer total protection for organizations across all industries, including endpoint protection, mobile security, phishing protection, security awareness training, and more. Contact us today to protect your business from cyberthreats in