The massive expansion of the digital world has literally meant the world for businesses. Digitalization has opened the door to countless opportunities and the ability to communicate instantly and collaborate remotely. But the digital economy has also exposed itself to a barrage of attacks from unscrupulous hackers and cybercriminals.
On the Rise
In the last 10 years, the number of computer hackers attacking businesses has grown exponentially. It’s currently free for all and the size of the industry sector is on little importance when cyber-crooks select their victims. In the last two years, in particular, ransomware has become a thorn in the side of many organizations. To cut a long story short, companies either have to pay up or lose access to their files and data.
PII and SPI
A key development has also been the changing approach of handling personally identifiable information (PII) or sensitive personal information (SPI), both of which have a direct correlation to social media usage. With increased access to social media and digital products, users are generating and exposing increasingly more sensitive data to outsiders, both trustworthy and villainous.
Large Scale Attack
A bombardment of attacks and cybersecurity breaches on organizations has fuelled security concerns on a large scale. Businesses of all sizes have been forced to take a holistic approach to digital security to ensure user safety and to protect precious business data. All the while, the network attacks, data security and network breaches have grown at an unprecedented rate. The fact that businesses are expanding geographically and are adopting cloud computing, it becomes imperative that companies take on even more stringent cybersecurity measures.
IoT and BYOD
The advent and adoption of IoT and BYOD have opened even more avenues for cybercriminals to penetrate networks and breach the secure data of users. This means that all enterprises, big or small, need to significantly invest in cloud security solutions and, at the same time, reap the ROI from adopting cloud solutions.
In a nutshell, more rapid time-to-deployment, reduced software maintenance labour and downtime, and direct web access from any location are the major drivers for adopting cloud-based security solutions