Are you ready for the next cyber attack? 

With cyber threats vastly growing both domestic and internationally, is your organization ready for the next wave? 

 

Cybersecurity is a growing concern for businesses of all sizes as cyber criminals’ increasingly sophisticated tactics continue to disrupt organizations. Gartner insight projected that businesses would spend more than $123 billion on security in 2020 and projects that figure to grow to $170.4 billion by 2022. Even with this growing global concern, hackers are still able to compromise corporate systems with ease on a frequent basis. This is due to organization lack of cybersecurity awareness and use of poor practices that result in their systems and data being compromised. With the COVID-19 pandemic, cyber threats have been exacerbated by operating remote workforces, the increasing skills gap in cybersecurity, and the growing use of internet-of-things (IOT) devices. 

Current Cyber Trends

In the first three quarters of 2020, 36 billion record were exposed due to data breaches according to RiskBased Security research.

In 2020, the use of malware increased be 358%. Ransomware also increased by 435% according to Deep Instinct study. 

In the previous three years, 90% of healthcare organizations suffered at least one cyber attack based off of the  U.S. Healthcare Cybersecurity Market 2020 report.

What are these crimes costing organizations? 

Currently, every minute cybercrime costs organizations $2.9 million, and major businesses lose $25 per minute as a result of data breaches according to RiskIQ research.

According to IBM, on average it takes 280 days for an organization to find and contain a cyberattack. The average cyberattacks cost 3.86 million.

The cybersecurity market is expected to grow 12.5% annually with a valued market of $403 billion by 2027 according to Brand Essence Research.

Currently, the U.S. has the worlds highest data breach costs, with an average breach costing 8.6 million according to IBM’s Cost of a Data Breach report.

What can be expected

IDC predicts there will be 55.7 billion connected devices by 2025, of which 75% will be connected to the IoT. IDC  also estimates that IoT devices will generate 73.1 zettabytes of data by 2025, up from just 18.3 zettabytes in 2019.

Cisco data estimates that distributed denial-of-service (DDoS) attacks will grow to 15.4 million by 2023, more than double the 7.9 million in 2018.

DDoS attacks became more prevalent in 2020, with the NETSCOUT Threat Intelligence report seeing 4.83 million attacks in the first half of the year. That equates to 26,000 attacks per day and 18 per minute.

More than four-fifths of data breaches in 2020 (86%) were financially motivated, according to Verizon’s 2020 Data Breach Investigations Report (DBIR).

McKinsey insight finds 70% of security executives believe their budget will decrease in 2021, which will limit and reduce their spending on compliance, governance, and risk tools.

What is alphacloud doing to help?

Alphacloud uses state of the art next generation security appliances from Fortinet, a leading provider in cybersecurity solutions.

Alphacloud’s engineering staff are certified, trained, and have stringent, continued background checks completed to ensure the highest level of cybersecurity knowledge and protection of your data.

Alphacloud’s hybrid cloud data center locations use the latest technology in safeguards to include biometric security.

We complete quarterly security reviews off all systems to ensure total protection from new attacks.

We use real-time monitoring of all systems to stop attacks before they can begin.

Current alphacloud Hybrid Cloud Partners

AWS

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VMware

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