Cyber Security Risks to Businesses in 2022

Many believe that the pandemic years were the catalyst for technology adoption. Technologies like cloud found widespread adoption due to the situation that arose ( work from home). But there was an equal amount of spike in cybercrime across the globe, and India was no exception.

While the world welcomed the concept of Hybrid Work, it also showed how ill-equipped we were to mitigate the risks involved. The reasons could be many, but one stands out: our exposure and view of the perimeter.

Before the lockdown, most organizations spent all their energies on securing the perimeter, which was, more often than not, the corporate data center and associated office branches. Because let’s face it, most of us worked from offices. But all this changed with the pandemic. Suddenly, more than 95% (give or take) of employees were working out of their homes or remote locations. While that was clearly a stop-gap arrangement to keep the lights on, network security was highly vulnerable, as organizations simply weren’t ready for such a scenario.

Public cloud has been one of the key reasons behind the massive uptake of digital transformation projects that we see being undertaken by organizations of all sizes. Still, it is also one of the key vectors of security breaches. The challenge is that attackers can exploit vulnerabilities in any of your cloud providers (and many organizations are taking a multi-cloud approach).

For network security to be relevant, it has to encompass three strategic areas, i.e. cloud, IoT and the edge. The future of networks lies here; hence, fortifying security in these areas will be an area of focus for many organizations in the future.