Despite record levels of cybersecurity spending in 2021, senior IT leaders remain pessimistic about their organizations’ overall security posture. Nearly 80 percent of those polled recently by IDG said their organizations aren’t adequately protected against increasingly sophisticated cyber threats.
Ransomware attacks have skyrocketed. An IDC study found that approximately 37 percent of organizations have fallen victim to some form of ransomware. Phishing, denial of service attacks and cryptojacking are also on the rise, with damages related to cybercrime expected to exceed $6 trillion globally in 2021.