Global Cybersecurity Outlook 2022

Current GK ( Master) Reports

The World Economic Forum recently published the Global Cyber security Outlook 2022.

Key Findings

In 2021, the ransom ware attacks have increased by 151%. Each organization faced 270 cyber-attacks on an average.
A successful organization that breached cyber-attacks spent 3.6 million USD.
59% of the cyber leaders believe that there is not difference between cyber resilience and cyber security. It is not so. Cyber security is providing protection to the computers, data storages and internet. Cyber resilience is anticipating and adapting to cyber-attacks. There is no anticipation component in cyber security. It is an overall protection. Cyber resilience knows its enemy. And cyber security doesn’t.

Influence

According to the report, the following two factors have the highest influence on cyber security

Reasons

The increase in cyber-crimes was mainly because of increase in global digital economy.

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Concerns

42% infrastructure is broken down by cyber-attacks. 24% cyber-attacks are identity thefts. 20% cyber-attacks are ransom ware attacks. 10% of personal assets are lost.
55% of the organizations in the world were affected by cyber-attacks in 2021.

Cyber security solutions

The following factors should be considered while creating cyber security solutions:

Percentage of digital transformation made by an organization. A considerable amount greater than the transformation should be spent on cyber security.
Third-party software attacks
Malicious attacks
Regulatory requirements
Board direction
Media attention
Shift towards remote working