In the first half of 2021, cyber attacks have spread across the globe, affecting practically every industry. According to a survey by Cyber security Ventures, financial damages from cyber crime are going up to hit $6 trillion by the end of this year. Cyber attacks are one of the fastest-growing crimes in the United States, according to research.
Cyber-attacks are on the increase in a big way. There is no question that assaults are escalating, based on what we know and every expert’s point of view. Cyber security specialists anticipate that every 11 seconds in 2021, a cyber attack is occurring. It’s nearly twice as frequent as it was in 2019 (every 19 seconds), and four times as often as it was five years ago (every 40 seconds in 2016).
In order to better defend their computer networks from invasions, businesses must pay a high price to combat the continually expanding number of cyber attacks throughout the world. Cyber attacks are not only becoming more common, but they are also costing victims more money.
Prize of the cyber crimes
A cyber crime will cost businesses, government organisations, and consumers worldwide more than $1 trillion in 2021. This equates to about 1% of world GDP.
While cyber attacks cost $945 billion, $145 billion was invested on cyber security. In comparison to 2018, when over $600 billion was spent to combat cyber crime, these expenses have climbed by more than 50%.
According to a survey, 20% of enterprises around the world have no measures in place to defend themselves against cyber crime. This creates a huge vulnerability in networks for hackers to exploit in order to steal even more millions of dollars.
Cyber security experts warn that the only guaranteed protection is to increase attempts to establish legislation that strengthens technical protections. It’s the only option to change the direction of ongoing cyber attacks.
Cloud breaches are anticipated to rise in both pace and scope, according to John Kinsella, chief architect at Accurics, in his company’s 2020 summer study.
This study comes at a time when cloud security breaches have been on the rise for the past two years. As a result of cloud infrastructure mis-configurations, more than 30 billion records have been expose.
Organizations must prioritize cyber resilience and practice to stay up with a growing economy that needs greater digital transformation.
It is not just clouds
Much more than widespread cloud storage use and faulty cloud architecture is to blame for the increasing frequency of hacks. Mis-configurations in cloud infrastructure, on the other hand, expose data and are one of the most serious cyber threats confronting businesses and government organisations today.
To transmit a payload such as malware or ransomware, over 98 percent of all cyber attacks include some type of social engineering. Phishing emails are one of the most common attack methods, use by hackers to start a social engineering assault. As a result, nearly 92 percent of hackers deliver malware via email.
Cyber security and the stampede to cloud services aren’t going away anytime soon. More care is require in managing the growing transition in computing activities. As a result, cloud-based security approaches will be critical in the battle against the deteriorating cyber security landscape.
Those in charge of cloud-based security should learn to manage infrastructure through structured program rather than patched-together shell scripts. As networks and application layers grow more ephemeral, an enterprise’s most valuable long-term asset will most likely be its own and its customers’ data. As a result, cloud data security will be a prominent subject in the future.
Ransomware will continue to be the most serious danger and financial risk to businesses in the coming year. Ransomware should be a major source of concern for most businesses, since it is the most serious cyber security risk and danger.
Organizations should prioritize investing in security solutions that assist lower risks. As well as developing and testing an incident response strategy to guarantee their businesses are robust to high-risk assaults.
Ransomware is becoming into much more than a security issue. Data breaches are increasingly being sought by organised cyber criminal gangs in order to steal data. They steal it before it is encrypted on corporate computers. Companies are concerned not only about getting their data back, but also about who has access to it publicly.
Ransomware is use by cyber criminals to attack anybody, any organisation, or any government, including hospitals and transportation industries, at a time when they are under a lot of stress.
Another important cyber security attack trend, focuses on the industry’s defensive technologies and security companies. Career in cyber security The rapidly growing profession of cyber security is a promising career option. According to industry statistics, the number of unfilled cyber security jobs is predicted to increase by 35%. Given the rise in attacks requires more talented and genius minds to handle them.
In the last year, there has been a significant growth in the demand for cyber security positions. For someone interested in IT and security, a job in the industry is an excellent choice. A growth in the number of technologies, increases the complexity of security operations and analytics, necessitating more employees. However, over 70% of security teams think it’s tough to attract and hire more SOC personnel.
Apart from hacking companies and industries, now a days hacking tools for online battle games are also on demand. If anyone can develop an app like Jeic Injector APK, then he can make lots of money with ease.