A new Bloomberg Intelligence (BI) report has found that spending on cyber security is set to exceed $200 billion a year by 2024
Aaron Hurst writes in InformationAge
"The rise in cyber security spending forecast by BI in its report, Cybersecurity Primer: Accelerating Cloud Shift, is set to be due to a switch to cloud security, with the network and endpoint security segments likely to see the fastest growth.
Increased remote working is partly responsible for the expansion of the market, which was worth around $132 billion last year, but cloud-based software was already expanding in the security space before the Covid-19 pandemic, as it replaced traditional infrastructure..."
As you may have heard, a massive breach of Microsoft Exchange servers was revealed in the last several weeks
"The attack is not over yet," warns Leonid Sandler in Security Boulevard
. "We can always wait for another attack and blame another vendor, but when it comes to Microsoft, well, who can we rely on after that?
SolarWinds, Centreon and now Microsoft Exchange - with almost 80% enterprise market share, Exchange holds the biggest secrets of our times, and now nobody knows where they went. Many of the affected organizations certainly had top-notch security measures and personnel in place. Should we buy and install more security tools? Well, clearly, more isn't always better..."
No company is completely immune to attacks
"Any company is constantly under attack from a variety of sources," opines Ritoban Mukherjee
"No company is completely immune to attacks. Every minute, there are 250 new malware threats. The simple truth is that there are too many risks that cannot be dealt with successfully.
Malware isn't the only threat; malicious actors may take advantage of a variety of cybersecurity threats and network vulnerabilities to steal your company's data or cause damage. So, let's find out how to detect security vulnerabilities and prevent the risks that come along with them..."
Gemma Moore, director at Cyberis, discusses the impact that shadow IT can have on security throughout the organisation
"Shadow IT is invisible to you," warns Gemma Moore in
"It might not be covered on your asset lists, because your asset management lists are incomplete. It might have no assigned owner, either because it doesn't fit neatly into any business unit, or isn't related to any current operational priorities but hasn't been fully decommissioned yet. It might have been installed outside of usual processes, either without authorisation or because usual processes were overridden..."
The year like no other impacted the cybersecurity landscape in profound ways that will continue into 2021
"2020 was an unusual year where circumstances shifted at record pace. Amidst the scramble and confusion, security teams rose to the occasion. Perhaps most significantly, organizations had to rapidly protect and scale their remote access while facing new security risks.
The past year has shown us just how cyber threats can impact our lives, and the need for everyone to prepare for evolving attacks in the future. Let's examine what happened last year in the world of security, celebrate those who were able to keep governments, businesses, and individuals cyber safe, and look to how we can prepare for 2021..."
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