For many executives, cyber threats are now among the top business risks their company faces. Indeed, according to Deloitte, 87% of bosses say improving their cybersecurity defenses will be an extremely or very high priority over the next two years.
The events of the last year have only increased this. Since the start of the COVID-19 pandemic, the FBI has reported a fourfold increase in the number of cybersecurity complaints it receives, while research by McAfee estimates global losses from cybercrime surpassed $1 trillion last year - a 50% rise from 2018.
With more people working from home, business' exposure to threats such as social engineering attacks, ransomware and cloud vulnerabilities are likely to be higher than ever. At the same time, the evolving nature of these attacks mean traditional ways to protect businesses are no longer adequate.
Therefore, it's vital firms update their defenses with the latest solutions, with next-generation antivirus (NGAV) and endpoint detection and response (EDR) at the heart of this.