Cyber Threat Landscape in Europe is Not Pretty
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Cyber Threat Landscape in Europe is Not Pretty

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Cyber Threat Landscape in Europe is Not Pretty

Sujith Vasudevan, Managing Editor, 0

The global explosion of technologies is helping to solve the once complex business problems with more straightforward, faster solutions. As a result, new businesses are mushrooming across different marketplaces at a remarkable pace. 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.

It’s not a secret that the pandemic has been a tailwind to cloud adoption. In fact, many businesses were thrown
into unprecedented predicaments and unexpectedly had an opportunity to reassess how they communicate within the organization and bank on their mission-critical technology applications. Most of them migrated to the cloud to ensure that the delivery is resilient and consistent and the deliverables maintain a high level of quality. There are several downsides to this, and one among them is increasing cyber-attacks.

According to reports, European Union hosted a rise in cyber threats over the past twelve months, triggered by the war in Ukraine and wider 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. In May last year, the European Union agreed on more rigid cyber-security rules for essential sectors, mandating companies to assess their risks, notify authorities and take measures to deal with them or face fines up to 2 percent of global turnover. The cyber sec community is constantly warning Europe, as the region could likely become the most targeted region in 2023. It’s high time business owners adopt a zero-trust policy.