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CYBER SECURITY | Cyberattacks are up 400% compared with pre-COVID-19 levels!

Nov 5, 2020 | News and Insights

In the past few decades, there has perhaps been no greater increase in interest and conversation in the IT world than in the topic of Cybersecurity. Back in the early 2000s, for the consumer at least, the extent of being “Cyber – Hygienic” was a trip to Curry’s to purchase the latest McAfee or Norton Antivirus software, likely in the form of a Floppy Disk or CD-ROM.

Fast forward 20 years, a lot has changed. This is particularly true in 2020, COVID-19 sent shockwaves across industries; some businesses had to move processes entirely online in a matter of weeks. According to NORDVPN, cyberattacks are up 400% compared to pre-COVID-19 levels. This comes as no surprise, any time a process or function goes digital, especially when systems are implemented so quickly, it creates a potential cyber security vulnerability.

Another contributing factor over the past 20 years is the way human’s interact with and store data. A whopping 90% of the data in the world today has been created in the past 2 years and this growth isn’t showing any signs of changing. By 2025, we are due to triple the amount of data currently stored.

 

What does this mean in the real world?

Well, both the amount of data being stored, and the new way of working is not likely to change. So, companies must embrace and facilitate a high level of cyber security. According to John Walk, UK cyber security and counter intelligence expert, the best way to avoid cyber security vulnerability and safeguard all data is to facilitate workers, particularly remote workers, with iStorage’s secure drives that are encrypted with FIPS 14-2. The reason being, wherever this important customers data travels, the standard and mandated compliance expectations travel with it. Encrypted devices therefore safeguard valuable and sensitive data to ensure company compliance with stringent regulations and directives such as GDPR, HIPAA, SOX, NRC, GLB and DHS Initiatives.

 

How does the impact the Security Industry?

The Cyber Security Market is a billion-dollar industry that is continuing to grow. There is a rising demand for enterprise security solutions and encrypted portable data storage and cloud encryption devices from industries including banking, financial services and insurance, public sector, along with the aerospace & defence and healthcare sectors anticipated to boost the market size in the forthcoming years. Subsequently, if you are a company that work within these sectors, the cyber security market is an area of business that is important to consider and exponentially growing.

HOW CAN M2M HELP?

As the UK leading specialist Memory and Storage distributor, M2M offers a wide range of world-class encrypted devices supported by the technical know-how from our expert team on how best to protect your data. Our security and encryption solutions portfolio encompasses internal based servers, client solutions and mobile external devices that protect your data on the move with military-grade security. M2M are pleased to offer the full portfolio of iStorage’s PIN authenticated, hardware encrypted portable data storage and cloud encryption devices, targeted at businesses and users that need to secure their data. Key sectors include:  Banking and finance, Public sector including GOV, MOJ, MOD and NHS, Industry, Utility, Oil & Gas, Telecom and retail and Certifications.

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