Top Cyber Security Challenges and Preventions
As the world gets increasingly driven by digital technologies the threat from hackers or cyber criminals is growing unabated. The Cybercrime Magazine pointed to this phenomenon by stating the cost of cybercrime to touch $6 trillion by 2021. The pandemic seems to have given a leg up to cybercrime with more people working remotely from homes becoming easy targets. Also, with technologies such as 5G, IoT, AI & ML, and Big Data being used by organizations, the sophistication of attacks from threat actors has increased manifold. For any business cybersecurity company , this means the need to augment their knowledge base regarding the evolving threat scenarios. In 2020, the US Federal Trade Commission received alarming reports of around 1.4 million identity thefts, which are double than what was reported in 2019. With the increased use of OSS among individuals and organizations, hackers are having a field day. They leverage the inherent vulnerabilities within such software to ...