cybersecurity

Cyberattacks may be the greatest threat to your business today. 

All businesses may be vulnerable, regardless of size or sector, public or private. Cybercriminals won’t ignore a company with a smaller market cap or fewer employees. They cast a wide net, and they don’t discriminate.

You are very likely aware of the landscape — cyber extortion/ransomware attacks like WannaCry and Petya/NotPetya are just a couple of high-profile cyberattacks. But, awareness may not be enough if we do not truly know how to protect our company’s assets.

New studies show a massive increase in malware for the 2016 holiday shopping season. Holiday shoppers will need to take extra precaution this year, according to a report from Enigma Software. The National Retail Federation is projecting an increase in cybercrime for those looking to buy gifts for their friends and loved ones. Studies from the National Retail Federation are showing a potential 7-10% increase in online criminal activity for the 2016 shopping season. The 2015 holiday shopping season resulted in an 84% increase of malware-related issues and crimes.

Research firm International Data Corporation (IDC) recently forecast that worldwide revenues for security-related hardware, software and services will grow from $73.7 billion in 2016 to $101.6 billion in 2020.

That’s a compound annual growth rate of 8.3% — more than twice the rate of other IT spending.