2020 saw a wide range of changes and advancements in workplace technology utilisation for organisations. But as digital offerings continue to evolve, so do cyber-security threats. That’s why it’s crucial to remain up-to-date on the latest technology trends and adjust your cyber-risk management strategies accordingly. As your organisation starts to prepare for 2021, keep the following emerging cyber-security concerns in mind:

• Remote work issues—While remote working is a valuable method for protecting staff from the ongoing COVID-19 pandemic, this practice can also lead to increased cyber-security vulnerabilities. After all, many employees may not have the same security capabilities in their work-from-home arrangements as they do in the workplace. As such, make sure your organisation provides remote staff with appropriate cyber-security training and resources, as well as implements effective workplace policies and procedures.
• Cloud hijacking concerns—With more employees working from home, maintaining cloud security is crucial. Cloud breaches have become more common in the past year, as cyber-criminals have developed a method for hijacking cloud infrastructures via credential-stealing malware. To avoid this concern, utilise trusted anti-malware software and update this software regularly.
• Elevated ransomware threats—Cyber-criminals continue to create new and improved ransomware attack methods each year. According to recent research from Cybersecurity Ventures, ransomware attacks are expected to cost organisations more than $20 billion in 2021, with an attack estimated to take place every 11 seconds. To help protect your organisation from ransomware attacks, use a virtual private network, place security filters on your email server and educate staff on ransomware prevention.
• Data privacy expectations—As more organisations start storing sensitive information on digital platforms, data privacy is a growing concern. If your organisation stores sensitive information digitally, it’s vital to utilise proper security techniques to protect such data (eg encryption) and abide by all relevant data privacy regulations.
• Skills shortages—Despite ongoing advancements in workplace technology, cyber-security skills shortages have become a major issue for many organisations—with the demand for cyber-security professionals exceeding the number of individuals who are qualified for such a role. This shortage emphasises the importance of investing in effective cyber-security tools across all workplace devices to help minimise your risks.

With these trends in mind, it’s important now more than ever for your organisation to secure adequate cyber insurance. For more information, contact us today.

Contains public sector information published by the ICO and NCSC and licensed under the Open Government Licence.

The content of this blog is of general interest and is not intended to apply to specific circumstances or jurisdiction. It does not purport to be a comprehensive analysis of all matters relevant to its subject matter. The content should not, therefore, be regarded as constituting legal advice and not be relied upon as such. In relation to any particular problem which they may have, readers are advised to seek specific advice from their own legal counsel. Further, the law may have changed since first publication and the reader is cautioned accordingly. Content by Zywave, Inc. provided by TH March.