With more prominent, public hacking, the demand for increased cybersecurity has never been higher. Analysts believe the likelihood of attacks will only increase in the future, yet most companies are not prepared for an attack.
In fact, nearly 80% of IT employees believe their companies lack sufficient protection against cyber-attacks.
Last year, only slightly more than half of the companies asked conducted data security risk assessments and more than 75% of organizations do not have any incident response plan if an attack does occur.
Analysts predict three areas will be the most vulnerable to cyberattacks:
Cybercrime: Cybercrime is the most common type of attack and will continue to dominate in future attacks. Today’s cybercrime is highly organized and operates across international boundaries. Today, large-scale gangs coordinate large ransomware attacks, like the Wannacry attack in 2017.
Increased phishing scams: Phishing still ranks as the “go-to” option for most hackers because it’s easy and often successful. More than 80% of attacks each year are caused by phishing. Over 2 million phishing sites were reported on Google this year — up from 1.7 million in January 2020.
Artificial Intelligence: Both cybercriminals and cybersecurity teams are increasingly using AI. Because AI can crunch data quickly, hackers have harnessed this ability to exploit vulnerabilities in companies quickly. Hackers can essentially create a supercomputer at low costs.
Cost of Cybersecurity Breaches
Every minute, cybercrime costs businesses $2.9 million. Yearly, this amount equates to $6 trillion, roughly one percent of the global GDP. If those damages were measured as a country, it would be the third-largest economy in the world after the United States and China, according to CyberCrime magazine. And, as new opportunities and vulnerabilities for cyberattacks happen each year, this cost will only increase in the future.
The Growing Job Market
With a demand for increased cybersecurity comes an increased demand in the job market. As a result, the cybersecurity job field has been growing throughout the past decade. Since 2015, cybersecurity positions have grown 12 times faster than any other job sector.
However, because the demand is growing so fast, many cybersecurity jobs have gone unfilled. In 2021 alone, there are 3.5 million unfilled cybersecurity jobs across the globe. This is enough to fill 50 NFL stadiums. Analysts predict this job growth will only accelerate in future years.
Protection You Can Trust
You do not have to stay vulnerable to cyber-attacks. At CHIPS, we’re changing the cybersecurity game. With over 70 years of IT experience, CHIPS has the knowledge and skills to keep your business free of malware attacks. Our technicians are A+ and Microsoft certified, highly trained, and have experience successfully deploying this game-changing technology since 2019.
We install software built 100% on Zero Trust Security Principles. This results in a significant reduction of risk and has proven to PREVENT the execution of malware 100%, with no reported breaches since its release in 2014.