GLOBAL CYBER SECURITY OUTLOOK 2022

GLOBAL CYBER SECURITY OUTLOOK 2022

Context:

On 18 January 2022, the World Economic Forum published the Global Cyber security Outlook 2022.

Key Points:

• The World Economic Forum's 'Global Cybersecurity Outlook 2022' was released during the Davos Agenda online conference.
• The study says that each successful cyber breach cost $ 3.6 million (about Rs 27 crore) last year.
• About 92% of business executives surveyed agree that cyber resilience is linked to business risk management strategies. Only 55% of proven cyber leaders agree.
• This gap between leaders could leave firms at risk of attack due to unimportant priorities and inconsistent security policies.
• Even after the threat was discovered, a WEF study conducted in conjunction with Accenture found that nearly two-thirds could find it challenging to respond to cybersecurity incidents due to a lack of skills in their team.

Key Findings:

• By 2021, ransomware increased by 151%. Each organization has an average of 270 cyber attacks on average.
• 59% of cyber leaders believe there is no difference between cyber resilience and cyber security.
• According to the report, around 42% of the infrastructure is attacked by cyber-attacks.
• Approximately 24% of cyber-attacks are identity thefts.
• The report says 20% of cyber-attacks are ransomware attacks.