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A Dire Cyber Threat Warning

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A Dire Cyber Threat Warning

Sujith Vasudevan, Managing Editor, 0

The global technology landscape is flourishing. With the organizations’ constant need to digitally transform and improve customer experience, the Chief Technology Officers (CTO) are under pressure like never before. Most of the CTOs migrated to the cloud to ensure that the delivery is resilient and consistent and the deliverables maintain a high level of quality.

We owe a lot to technologies becoming more plug & play, more driven by the cloud, and simpler to use. They make
it easier to test ideas and move on faster if it fails. But along with this blossom came an increased level of cyber threat. The cyber attackers unleashed themselves on this opportunity, and the consequences were catastrophic.

According to reports, European Union hosted a rise in cyber threats over the past twelve months, triggered by the war in Ukraine and broader geopolitical tensions. In the process, the UK had the highest number of cybercrime victims per million internet users at 4783 in 2022 – up by 40 percent from 2020. According to a report, the Asia-Pacific region faced the maximum number of cyberattacks for the second consecutive year in 2022, accounting for 31 percent of all incidents remediated worldwide. In the US, the number of data compromises stood at 1802 cases. Meanwhile, over 422 million individuals were affected in the same year by data compromises, including data breaches, leakage, and exposure. The cyber-sec community is constantly warning the business world, and it’s high time business owners listened to those warnings and adopted a zero trust policy.