Data security trends

The global pandemic reinforced the exceptional value of cloud computing to the world economy. Cloud tools and services enabled organizations to send millions of workers and students home in just a few weeks, thus maintaining supply chains and educational processes. In fact, in 2020, enterprise adoption of cloud services spiked by 50% (McAfee).

But this technological shift had its downside: The hasty shift to work from home necessitated prioritizing productivity over security. As a result, it amplified security gaps that had existed before and introduced new security issues — and adversaries are working hard to exploit them. The FBI reports a 300–400% increase in reports of cyberattacks since the start of the pandemic, and McAfee found that external attacks on cloud accounts spiked by 630%.

Attackers targeted all types of businesses, but large corporations, governments and critical medical organizations were especially hard hit (MonsterCloud). Ransomware attacks were particularly common, skyrocketing by 800% during the pandemic (MonsterCloud). Almost half of these attacks targeted remote desktop protocol (RDP), taking advantage of the new work-from-home reality

According to Verizon, at least two thirds of breaches were caused by hacking, errors or social engineering (e.g., phishing and business email compromise). Therefore, most organizations should make these three things the focus of their security efforts in 2021.

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