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7 must-know stats for post-pandemic data resiliency

Businesses will still be facing uncertain times ahead as we navigate through the different lockdown alert levels.
15 July 2020 Michael Holtzhausen

Businesses will be in recovery mode when (not if) the pandemic is over. After weeks of closed business or operating from home, a return to normality will be your most urgent concern. But how can you adjust to a new status quo without a full understanding of everything that has changed?

As data storage and protection specialists, numbers are our game. So we’ve made it our mission to give you all the insights you need to achieve and maintain data resiliency and to chart a clear course for success.

You can implement an informed plan of action to keep threats away from your business with the help of these statistics.

1. Cybercrime will cost the world $6 trillion by 2021

Cybercrime is a booming industry and the pandemic has accelerated its growth. CybersecurityVentures predicts that cybercrime will cost the global economy $6 trillion (R102 trillion) by next year. You can ensure that none of that comes from your business’s or clients’ pockets by re-educating your staff about cybersecurity best practices and updating your security policy for remote work.

2. More than a third of business leaders say cyberthreats increased during lockdown

CNBC surveyed the business leaders in its Technology Executive Council and 36% of the respondents said they had observed a spike in cyberthreats since the beginning of the lockdown. For many of them, the cyberthreats highlighted gaps in their security systems that would have otherwise gone unnoticed. But you don’t have to fall victim to cybercrime before you’re wiser – you can assess the state of your data security and eliminate blindspots proactively.

3. Ransomware increased by 148% between February and March

Carbon Black reports a dramatic surge in ransomware attacks in the early days of the pandemic already. A ransomware attack has the potential to cripple a business’s systems, damage its reputation and cause costly downtime. Having a disaster recovery solution not only guarantees that you don’t have to negotiate with terrorists, but it also guarantees you business continuity in the event of an attack.

4. Cybercriminals mostly attacked the healthcare and financial services industries

Opportunism is the purest nature of cybercriminals and they’re all too aware when organisations will be too desperate not to give in to their demands. Carbon Black highlighted the financial services industry as the hardest hit in its report. Elsewhere, a Czech hospital was hit by a cyberattack while delivering life-saving care to Covid-19 patients. It’s speculated that cybercriminals planted ransomware in the systems of organisations as far back as 2018 and simply waited for the right moment to pull the trigger.

A disaster recovery solution protects your business’s data from dormant ransomware by ensuring that you have a regularly updated failover for any worst-case scenario.

5. Coronavirus-related spear-phishing attacks increased by 667% between February and April

TechRepublic reports a staggering 667% increase in spear-phishing attacks between February and April. Spear-phishing attacks are more sophisticated than phishing because they are customised for the target and are far more convincing. It’s important to train your staff to be hypervigilant when using their company email and to recognise the signs of a suspicious request.

6. Malware-infested Covid-19 websites number in the thousands

People were understandably hungry for information about the nature and spread of the coronavirus and cybercriminals were quick to take advantage. According to ZDNet, new malware-infested Covid-19 dashboards and information websites were being created daily. If your employees visited any of these websites while working from home, they might have unwittingly exposed company laptops to malware that could spread when they return to the office.

7. There were more than 400 million fraudulent transactions in the first quarter of 2020

Arkose Labs, an online and digital security company, detected more than 400 million attempted fraudulent transactions on its network in the first quarter of this year, a 20% increase from the last quarter. Online shopping surged during lockdown and a careless click here and there could have exposed your business’s credit card details and other confidential financial information. You’ll need to thoroughly sweep all company devices for malware and set new passwords as soon as possible.

Let STS guide you to safety

If you’re looking for a partner with your data’s best interests in mind, you’ve come to the right place. We have a range of customisable data storage and protection solutions that will give your business a fighting chance to get back on its feet. From disaster recovery, archiving and backup, we can equip your business with the right data security solutions to not only survive these unprecedented times, but to also have the data resiliency to thrive on the other side.

Download our guide to the consequences of a lack of security and see for yourself what your business is missing out on.

The Consequences Of A Lack Of Security
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The Consequences Of A Lack Of Security
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