Cybersecurity Trends to Watch Out in 2021

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VPNwelt: Cybersecurity is tedious yet crucial.

In the wake of online threats, cybersecurity is the greatest area of concern for CEOs and company executives. The complex nature of cybersecurity forced CEOs to turn a blind eye towards it, and that's why it is essential to keep an eye on cybersecurity news.

Cybersecurity Statistics Every CEO Should Know About:

1. Only 5% of crucial documents are properly protected and are away from the reach of cybersecurity attacks.
2. 71% of CEOs are trying to adopt the best cybersecurity tips like using a VPN, having a proactive approach to detect the cybersecurity threats early, and devising organization-wide risk management strategies, says PwC.
3. A data breach is a real thing. Around 130 Twitter accounts were targeted in 2020, including the account of Elon Musk. 300 transactions swindled a whopping sum of $121,000 in Bitcoin.
4. Gartner's recent study has revealed that 52% of compliance leaders admit that the most prominent third-party risk for their company is cybersecurity.
5. Emails are the easiest way to deliver malware. 94% of them are delivered in this way.
6. Every minute, $17,700 is lost because of a phishing attack.
7. PwC's research has revealed that companies generating $10 billion or revenue are more aware of cybersecurity and trying their best to keep cyberattacks at bay.

Cybersecurity Trends in 2020 and 2021:

The outbreak of COVID-19 in 2020 has changed every aspect of lives. The industry was not ready to support remote work on such a large scale. As it is a norm now, businesses are attentive towards cybersecurity in 2021 and trying every bit of help to make remote work safe and sound.

1. The future of cybersecurity is bright as 55% of CEOs are witnessing a jump in cybersecurity budgets in 2021 when compared to 2020. The goal in 2021 is to have automated and highly adaptive cybersecurity strategies.
2. In the first half of 2020, the data breach exposed around 30 billion records, which is the highest number ever.
3. If the words of IBM are to be believed, $3.86 million is the average cost of data breaches in 2020.
4. 96% of CEOs and enterprise executives have admitted that COVID-19 has made them aware of cybersecurity, and half of them have started implementing it in almost every operational area. They are now trying to understand what cybersecurity is and ways to implement it.
5. In 2020, 47% of employees blamed distraction as a critical reason behind falling into the trap of phishing scams while working from home.
6. More than half of Zoom accounts were compromised and sold on Dark Web in 2020.

The Most Vital Trend to Pay Attention To:

1. Cyberattacks are the fastest-growing crimes in the US. The loss incurred due to them will touch the mark of $6 trillion by the end of 2021. This is why cybersecurity is essential.
2. In every 11 minutes, one cyberattack will take place in 2021. This is an alarming situation and forced CEOs to become more aware of cybersecurity issues.
3. WFH trend has increased the cybersecurity threats for businesses. Training employees to avoid intruders giving way and implementing tighter security through advanced cybersecurity solutions is picking up.

In Conclusion:

Cybersecurity is tedious yet crucial. Companies of all kinds are trying to understand its worth, while trying to find reliable cybersecurity solutions, slowly and gradually. Those who are implementing it right have already started seeing the results. Using a VPN, making early detections, and having a dedicated team of experts is the right way to deal with cyberattacks.

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Related Article: Are VPNs legal? https://en.vpnwelt.com/are-vpns-legal/

VPNWelt is a team of dedicated cybersecurity experts. Each of us keeps cybersecurity trends under the radar, shares recent industry-related news with our readers, tests VPNs, provides his or her honest opinion on them for the sake of the Internet security of our Internet addict friends. Cybersecurity is what we live for.

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Florian Berg
VPNwelt
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