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Cybercrime peaked astronomically in 2020: Learnings and predictions for 2021
Nothing could have prepared us for 2020 a year that demanded a swift and dramatic restructure of corporate operations in response to the Covid-19 pandemic.
Remote workforces were created overnight, even within industries who never had the experience of managing effective, remote working teams. With limited time and resources to prepare and support home working employees, a makeshift remote setup was thrust upon us. This, consequently, created an opportunity for massive cyber security breaches and a stream of cyber attacks, which can have a devastating impact on businesses when the cost of a data breach averaged between $184k and $715k for a medium-sized business in 2019. 2020 was an opportunistic year for cyber criminals, who took advantage of a time of uncertainty. In the UK, businesses experienced a 31 percent increase in cyber crime during the height of the pandemic, with phishing emails up by nearl