CIO Insider

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The Side Effects of the Internet Boom

Sujith Vasudevan, Managing Editor

There are five billion internet users worldwide, which is well more than 60 percent of the global population. While the exponential growth of the internet, cloud and IT industry became a silver lining to the pandemic, the cyber attackers unleashed themselves on this opportunity, and the consequences were catastrophic. Reports suggest that with 304.7 million attempts, the first half of

2021 had more ransomware than all of 2020. But the second half even topped it, reaching 318.6 million. According to the data by McAfee, around 762,187 threats were detected in India alone between May 2 and April 18 in 2021.

The global situation is no different. The FBI recently reported a whopping 400 percent increase in cyber-attacks from what they saw pre-coronavirus. It’s no rocket science that, regardless of the size of your business, there is always the sword of Damocles hanging over you. It is imperative that you build a safer atmosphere around your business by securing the services of cybersecurity specialists.

As phishing or social engineering attacks, ransomware, and DDoS attacks continue to pose more significant threats for businesses, the cybersecurity solutions providers need to aggressively watch the dynamic trends in the segment to stay ahead of the threats. From Extended Detection and Response (XDR) to Security Process Automation, Secure Access Service Edge (SASE), Zero-Trust Network Access (ZTNA), and Cyber Insurance, the solutions providers have a number of trends that drive the market. They will have to localize these options and delve deep into the organizations in order to build effective cybersecurity solutions. Do let us know your thoughts.

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