The recent increase in the number and cyber attacks and the scaling seriousness of each is pushing organizations around the world to establish solid data privacy and cyber-risk management strategies.
In doing so, many organizations and companies have started pouring a significant portion of their financial resources to new tools and technology just to avoid the severe security risk and reputational damage that they might otherwise incur if they fall victim to various cyberattacks such as ransomware, malware, and phishing. In fact, the latest insights from GBH predicted spending on software and services protecting enterprises and governments would hit $90 billion in 2018.
This massive spend is understandable, as cyber threats have become more aggressive and heavily damaging in recent years. In 2017 alone, we’ve seen two of the biggest threats in cybersecurity, namely the WannaCry and Petya outbreaks. But those are just the tip of the iceberg. According to statistics, there have been 642 known breaches exposing a total of 1,926,362,105 records in 2017. Of those breaches, 58.6% were caused by hacking.
This year, we can expect that more companies will take the proactive approach in terms of defending themselves against both known and unknown security threats. To provide you with more insights on the state of the global cyber security industry, here are the latest and biggest trends that will surely rock the world of industry in 2018 as featured in the infographic below by TeleMessage.