Recent Trends in Cybersecurity

Forbes released an article looking at recent trends in cybersecurity this summer – both in terms of threats, opportunities, and reactions to threats. After a several year long movement towards increased digitization and hybrid work, the start of the current crisis in Ukraine has brought even more developments to watch out for in the digital space – including the well-publicized attack on Uber this month.

Cybersecurity threats to companies

There have been a number of developments in the cybersecurity space, including a massive 800% jump in cyberactivity following the Russo-Ukrainian War. Some of this is driven by the war itself, but in other cases the economic shocks associated with the conflict have driven ransomware groups or other hostile actors to higher levels of activity.

Researchers contributing to the 2022 Cybersecurity Almanac predict that spending on fighting cybercrimes will rise to $10.5 trillion. In addition to this, not only are the costs of combating cyber hazards rising, but the stakes are also higher. The U.S. National Cyber Security Alliance found that 60 percent of small companies are unable to sustain their businesses over six months after a cyberattack. As seen with the cyberattack on Lincoln University, smaller organizations cannot easily absorb the damage and online threats present an existential threat.

New trends in security and reactions to developments

Continuing the trends from previous years, companies continue to struggle to fill cybersecurity positions in the aftermath of the COVID-induced Great Reshuffle. In response, we are seeing increased investment in artificial intelligence and machine learning tools to try and fill that gap. Additionally, more companies are starting to lean into the possibility of cyberattack insurance.

Cyberattack insurance seems at first like a logical first step to protect data. However, this solution remains imperfect. According to the Forbes article, few companies have luck getting insurance companies to pay out in the case of a cybersecurity breach without lengthy legal proceedings. As such, a more robust approach is needed.

Archiving your data is the first step to a safer business

Data that is placed in an archive receives an important layer of insulation from the live system. Our contentACCESS archive and backup offers a flexible service that can form the backbone of a complex cybersecurity system, adding an additional layer of security and allowing you to easily restore your systems in the case of any breach. Compromised data can be rolled back from the archive, overcoming ransomware or other common threats.

TECH-ARROW brings our years of expertise and experience to keeping your company data secured. Don’t wait while the stakes grow higher and threats grow in complexity – contact our team to receive a free consultation. Protect your critical business information for guaranteed business continuity and peace of mind with TECH-ARROW.

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Microsoft 365 Archive and Backup

by Matúš Koronthály