As more businesses adopt hybrid work models and undergo rapid digital transformation to cope with the Covid-19 challenges, it also exposed more cyber attacks to surface against the organisations and make them more vulnerable to the security breaches in 2022, industry experts warn.
It is no longer enough for organisations to assume they are safe by simply monitoring security tools and ensuring they are detecting malicious code, Harish Chib, vice president for Middle East and Africa at British security firm Sophos, told The National.
“Defenders must investigate alerts, even ones which in the past may have been insignificant, as these common intrusions have blossomed into the foothold necessary to take control of [the] entire networks,” said Mr Chib.
Global cyber-crime costs are expected to surge by nearly 15 per cent on a yearly basis over the next four years to reach $10.5 trillion annually by 2025, up from $3tn in 2015, according to the California researcher Cybersecurity Ventures.
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Cyber-crime costs include stealing and destruction of data, stolen money, lost productivity, theft of…
