In the past 20 years, companies have clearly increased their investments in cybersecurity. In the wake of damaging data breaches and cyberattacks that are growing in frequency and severity, organizations must move swiftly to adapt to increasingly sophisticated cybersecurity threats.

Along with new technologies, businesses must also deal with emerging cybersecurity challenges resulting from COVID-19. Polls have found that more than 60% of respondents noted that their companies have seen an estimated 25% rise in cybersecurity threats since the pandemic began in March 2020.

The following will discuss six cybersecurity trends that organizations should be aware of this fall.

1) Cyberattacks on Cloud Services

As cloud-based computing services increase, cyberattacks have increased on the businesses that use them. The cloud allows users to access data storage, software applications, and various other services over the Internet, rather than depending on a physical infrastructure. It is this ease of access that makes organizations more vulnerable. However, benefits like increased efficiency and decreased operational costs make cloud services worth the risk. Thus, strengthening defenses against cyberattacks that compromise security and sensitive data should be prioritized.

2) Growing Interest in Data Privacy

Rising concerns regarding data privacy involving consumer and company information have led to laws governing personal and financial data. Moreover, users are become increasingly worried about the use of their data.

Cyberattacks and data breaches that compromise sensitive personal data can cause significant economic losses to businesses and their customers. As a result, companies are implementing data encryption, password protection, and strengthened network security. Companies are also retaining cybersecurity professionals to bolster their defenses against damaging data breaches.

Part 2 will cover Increased MFA Implementation, Rapid Growth of IoT Devices, Remote Work Vulnerabilities, and Rise of Ransomware Attacks.

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