Stephen Grant
Dec 5, 2023
As the world continues to digitize, cybersecurity requirements will increase, for governments, businesses and individuals
Growing Cost of Cyber Crime
Headlines of catastrophic cyber attacks and data breaches have become commonplace, driven by the digitization of the economy, increased sensitive information on the internet, and cybercriminal organizations becoming more sophisticated and scalable
Increasing Use of the Cloud
While most organizations have adopted cloud security strategies, they often struggle to keep pace with the rapidly evolving threat landscape
Regulatory Compliance
As privacy regulations continue to evolve and scrutiny on large enterprises intensifies regarding their ethical handling of sensitive data, achieving data security and privacy compliance will emerge as the pivotal force
Increased Outsourcing & Remote Work
The rise in nearshoring and offshoring, coupled with remote work, has exposed many organizations to an increased vulnerability to cyberattacks
Reputational Damage
Data breaches may cause irreparable reputational harm to an organization’s client base and can have long-lasting impacts on overall customer retention
Artificial Intelligence
Artificial intelligence (AI) can swiftly analyze vast data volumes, identify anomalies, and predict vulnerabilities, enabling companies and individuals to enhance their defense against attacks
Source: Forbes, CNBC