- Ransomware will be an even more devastating threat in 2022.
Ransomware attacks more than doubled in 2021 compared to 2020, with healthcare and utilities the most commonly targeted sectors. Moreover, attacks are getting more expensive, with the average ransomware payment leaping from US$312,000 in 2020 to $570,000 in 2021. By 2031, there will be a new assault every 2 seconds and ransomware costs will reach $265 billion per year.
Cloud computing comes with security challenges. According to the 2021 Netwrix Cloud Data Security Report, organizations storing data in the cloud experienced an average of 2.8 security incidents in the past year, including phishing (40%), ransomware (24%) and accidental data leakage (17%). Gartner states that through 2025, virtually all cloud security failures will be the customer’s fault.
- Zero Trust is gaining traction rapidly.
The Zero Trust security model is gaining steam across both the public and private sectors. In 2021, the White House encouraged all security leaders to adopt Zero Trust strategies. By 2024, the worldwide Zero Trust industry is predicted to expand to US$38.6 billion, up 20% from 2019.
This expansion is fueled by a number of causes. Credential theft and insider attacks are major cyberattack vectors, and the extra verification and authentication measures advised by Zero Trust can help organizations combat both.
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