Understanding cybersecurity issues that keep organisations on their toes

Understanding cybersecurity issues that keep organisations on their toes

There has been exponential technological advancement in recent years, bringing with it immense cybersecurity challenges. In today’s world, a large amount of data is being transmitted and accessed out of offices as most employers deploy a remote or a hybrid workforce. This data mobilisation has raised serious concerns regarding cybersecurity and encryption. According to a recent report by cybersecurity firm NortonLifeLock, the average cost of cybercrime in the UAE is estimated to be around $2.6m per incident. This represents a 17 per cent increase from the previous year’s average cost of cybercrime in the UAE. Remote work and increasing reliance on cloud-based solutions has resulted in a massive shift in how data is utilised, accessed and transmitted. However, with employees now working virtually from anywhere, newfound security challenges have emerged. In addition, vulnerabilities related to unencrypted USBs and cloud storage, and limitations of software encryption have also highlighted shortfalls of traditional security measures. Hackers are quick to exploit weaknesses in organisations, and are continuously seeking opportunities to intercept and compromise enterprise data security. It is not uncommon for employees to carry sensitive organisational information through USBs. Many companies also carry the practice of connecting USBs to critical information systems for