Stay Protected Amid an Explosion of Cybercrime.

One of my biggest takeaways from talking to CEOs and business leaders is that many aren’t aware of the explosion in cybersecurity threat frequency and severity that has taken place over the past few years. 

Many still believe that their mid-size business isn’t an attractive target for cyber attackers. They just aren’t aware that smaller businesses (organizations with 500 – 5,000 employees) are actually more attractive to cybercriminals. In fact, cyberattacks have increased by 400% compared to pre-pandemic times.  

To help executives gain a true understanding of today’s cyberthreat landscape, I developed an eBook that highlights key perspectives to think about when making decisions about cybersecurity in 2022, including: Digital eBook Cover: What Business Leaders Need to Know About Cybersecurity in 2022

PREVIEW: What Business Leaders Need to Know About Cybersecurity in 2022

Chapter 1: The Rise of the Cybercrime Gig Economy

Cybercrime was once the domain of skilled hackers. Today, a would-be cyber criminal can purchase everything they need for a successful attach about as easily as they could order dinner. The cybercrime “gig economy” has experienced its largest growth in the area of ransomware attacks. Ransomware-as-a-service (RaaS) is likely the most pressing threat to business leaders today. Why? The average ransom demand climbed to over $200,000 in 2021 — not a bad return on investment for ransomware kits that can be purchased for less than $100. 

Chapter 2: How Forced Hybrid Work Created Vulnerable Businesses

The most significant change organizations have experienced since pre-pandemic is their data is now predominantly in the cloud, rather than all being inside a firewall-protected data center. While IT teams frantically worked to accommodate the new work-from-home set-up, they quickly found out that their traditional security products gave them zero visibility into suspicious activity in the cloud.   

Chapter 3: The Great Resignation’s Impact on Cybersecurity

We’ve reached a tipping point. The cost and difficulty of recruiting IT resources, combined with the inevitable gaps in security posture created by a forced adjustment to hybrid work, leaves organizations vulnerable at a time when cyberattacks are increasingly frequent. “… by 2025 there will be almost 3.5 million open cybersecurity jobs globally – a 350% increase over an eight-year period.” – Tech Issues Explained: The Cybersecurity Skills Gap by Microsoft  

Chapter 4: Why Cybersecurity Premiums Have Skyrocketed

The one thing we know about the cybersecurity insurance landscape is that it continues to evolve as providers and experts learn more about the capabilities of cybercriminals. Due to unpredictable risks, insurance carriers are asking for more robust documentation related to cybersecurity policies and incident planning. Some carriers are also reducing the coverage amount they offer, especially when it comes to ransomware attacks.  

Chapter 5: Building the Business Case for an Outsourced Security Operations Centre

Hiring IT security specialists with the depth of knowledge and the tools required to proactively defend businesses against modern threats is simply out of reach for most non-enterprise businesses. In order to effectively run a 24/7 threat monitoring program that can detect threats, contain them, and take preventative action immediately requires a security operations centre.

Not every business leader is a cybersecurity expert — nor should they be. Download your copy of What Business Leaders Need to Know About Cybersecurity in 2022 and shore up your defences against modern cybercriminals.