Global Cyber Security Outlook 2022

Global Cybersecurity Outlook 2022

Blog Credit: Trupti Thakur

Image Courtesy: Google

The first Global Cybersecurity Outlook flagship report identifies the trends and analyzes the near-term future cybersecurity challenges. The accelerated shift to remote working during the COVID-19 pandemic coupled with recent high-profile cyberattacks have resulted in bringing cybersecurity top of mind among key decision-makers in organizations and nations.

Much still needs to be done to arrive at a shared understanding of how to strengthen cyber resilience. The aim of this report is to provide an in-depth analysis of the challenges that security leaders are dealing with, the approaches they are taking to stay ahead of cybercriminals and the measures they are implementing to enhance cyber resilience not only within their organizations but also within the wider ecosystem.

The World Economic Forum recently published the Global Cyber Security Outlook 2022.

Key Findings

• In 2021, the ransom ware attacks have increased by 151%. Each organization faced 270 cyber-attacks on an average.
• A successful organization that breached cyber-attacks spent 3.6 million USD.
• 59% of the cyber leaders believe that there is not difference between cyber resilience and cyber security. It is not so. Cyber security is providing protection to the computers, data storages and internet. Cyber resilience is anticipating and adapting to cyber-attacks. There is no anticipation component in cyber security. It is an overall protection. Cyber resilience knows its enemy. And cyber security doesn’t.

Influence

According to the report, the following two factors have the highest influence on cyber security

• Automation and machine learning: 48%
• Remote and hybrid work environment: 28%

Reasons 

The increase in cyber-crimes was mainly because of increase in global digital economy.

 

Data created in one minute

• Youtube upload: 500 hours
• Emails sent: 197 million
• Tinder swipes: 2 million
• Amount spent online: 1.6 million USD
• Twitch views: 2 million
• Netflix subscribers: 28,000
• Instagram stories shared: 695,000
• Linkedin connections made: 9,132
• Whatsapp messages sent: 69 million
• TikTok Downloads: 5,000

 

 

Concerns 

• 42% infrastructure is broken down by cyber-attacks. 24% cyber-attacks are identity thefts. 20% cyber-attacks are ransom ware attacks. 10% of personal assets are lost.
• 55% of the organizations in the world were affected by cyber-attacks in 2021.

 

Cyber security solutions

The following factors should be considered while creating cyber security solutions:

• Percentage of digital transformation made by an organization. A considerable amount greater than the transformation should be spent on cyber security.
• Third-party software attacks
• Malicious attacks
• Regulatory requirements
• Board direction
• Media attention
• Shift towards remote working

Lagging areas

 The organizations are lagging in the following areas:

• Prioritizing cyber security in business decisions
• Acquiring leadership support for cybersecurity
• Recruiting and retaining cyber security talents