The pandemic has been a gamechanger for cybercriminals. Data theft has skyrocketed, in part due to the widespread shift to remote work. With millions of employees teleworking outside of the relatively safe perimeters of corporate networks, cybercriminals stole over 30 billion data records in 2020. That’s more than the previous 15 years put together.
Because of cyberthreats’ massive potential for causing societal harm, funding criminal activity, and destabilizing the global economy, many governments have regulation aimed at forcing companies to take appropriate data and cyber-protection measures. This means you can be penalized for non-compliance, even if your cybersecurity isn’t breached. And senior executives will almost certainly be held accountable if breaches occur as a result of inadequate precautions.
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