The last twelve Months in cybersecurity have been a tough ride. Everything is broken in cybersecurity – it’s all about finding it – and this year felt like it all broke at once, especially towards the end of the year. But for better or for worse, we end the year with more knowledge than before.
Here we look back on the past year and what we learned from it.
1. Ransomware costs businesses through downtime, not ransom payments
The scourge of file-encrypting malware continues. In this year alone, ransomware forced entire cities offline, blocked paychecks and caused fuel shortages as entire corporate networks were held in cryptocurrencies for ransom in the millions. The US Treasury Department estimates that ransomware operators are likely to earn more from ransom payments in 2021 than they have in the past decade. However, research shows that businesses lose most of the losses through lost productivity and the often arduous task of …