In February 2020, a Time Magazine headline declared, “The Coronavirus outbreak has become the world’s largest work-from-home experiment.” Over a year later, that experiment has been a resounding success for companies and employees who found abundant upsides to less rigid workplace expectations.
Insider threats remain one of the biggest issues plaguing cybersecurity. A study by Ponemon shows that the costs of insider threats leaped 31% in just two years, from $8.76 million in 2018 to $11.45 million in 2020. The same report shows that it takes companies an average of 77 days to contain an insider threat incident. Forrester predicts that insider threats will cause 31% of data breaches by the end of 2021, up from 25% in 2020.
Businesses need to act now to survey their supply chain, developing the capacity to anticipate and respond to supply chain risks, minimizing the impact and optimizing opportunity. In March, the world witnessed a curious scene. A container ship longer than the Empire State Building became lodged in Egypt’s Suez Canal, creating an incredible spectacle as heavy construction equipment and a fleet of tug boats tried to dislodge the vessel from the canal walls.
The escalation in cybersecurity breaches as seen in 2020 has continued well into 2021. According to Verizon’s 2021 DBIR , so far they have looked into 29,207 incidents worldwide. These incidents boiled down to 5,258 confirmed data breaches. An analysis of these breaches shows: Many of these breaches were financially motivated, targeting sensitive data that can be easily monetized and lucratively too. Human negligence, consistent with previous years, was the biggest threat to security.
A slew of recent changes, particularly the massive shift to remote work following the pandemic, has rapidly redefined the cybersecurity threatscape. In the new cyber normal, organizations face the security dilemma of keeping existing tools versus adopting solutions to protect them against today's threats.
The term “gig economy” refers to the increasingly common use of skilled freelance or otherwise independent workers on a short-term basis—often one project at a time. The availability of these sorts of gig workers has brought massive change to global work culture over the last few years.
In todays political landscape a more aggressive enforcement approach from health and safety regulators is fast approaching. For employers looking to reduce their business risk, achieving regulatory compliance starts with creating an audit program that is both strong and sustainable. However, with COVID-19 restrictions still in place, many organizations are facing new barriers that may impede how they assess compliance and limit their potential exposure.
The “Dark Web” is often portrayed as a gloomy realm of internet land where you can find criminals and offenders lurking around every corner. Though there is some truth to this perception, there are also many misconceptions about the Dark Web and its role in the security or insecurity of businesses. Furthermore, the continuous embracement of remote work has led to an unexpected shift in the way the dark web is being used today.
Employees, contractors, and vendors have unparalleled access to company data, requiring careful adherence to data privacy best practices to secure personal information. Unfortunately, many employees are either unaware of these practices or are unwilling (or forgetful) to regularly implement them into their workflows.
