![]() ![]() While there is not much one can do to prevent cybersecurity threats from existing – as per the Harvard Cybersecurity Campaign Playbook, they are borne from larger geopolitical, economic, and social forces, after all – there are ways an individual and organization can take to protect themselves from such threats. Cybersecurity Ventures called cybercrime "the greatest threat to every company in the world." Cybersecurity Ventures had predicted in 2016 that cybercrime will cost the world $6 trillion annually in damages by 2021, whereas global ransomware damage costs are estimated to reach $20 billion by 2021.ĭespite the risks associated with cloud services, however, one's information is still safer and secure with it than without. ![]() It's an alarming percentage, but one that isn't entirely futile depending on which part of the half-full, half-empty glass we look at.įor one, it's an opportunity to beef up our cloud accounts' security, showing us that we can never be too safe when it comes to the undiscriminating eyes of cybercriminals. The same report tells us that the number of threats from outside actors attacking cloud services went up by 630%, "with the greatest concentration on collaboration services like Microsoft 365." Now think about this percentage and the number of companies worldwide that use Microsoft 365: over a million companies, with more than 731,000 hailing from the United States alone. The COVID-19 pandemic has seen an increase of 50% in cloud service usage across the manufacturing, education, real estate, and construction, government, and financial services industries, according to the "McAfee Cloud Adoption and Risk Report: Work from Home Edition."īut working from home, for all its conveniences, does not come without risks. Office spaces and conference rooms were left eerily silent and gathering dust when we sharply switched to telecommuting as the health crisis worsened the world over. ![]() ![]() Many of us migrated to the cloud as COVID-19 dawned upon us. ![]()
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