With more people working remotely or online post-2020, the FBI reports that cybercriminals are quadrupling the number of cyberattacks they use to disrupt online activities. Research also shows the impact to organizations and their users from a single successful cyberattack is growing each year.
For example, in 2017, nearly 197 million records were exposed due to data breaches. In 2020, that number grew to 37 billion, even though the overall number of data breaches had decreased. And IBM reports that the costs are growing for organizations that fall victim to these attacks in countries like the United States, where the average cost of a data breach grew from $7.91M to $8.64M between 2018 and 2020.
Many of the methods cybercriminals use to breach organizations rely on human error. Even your sharpest employees can become your greatest weakness if they click on a malicious link without realizing it. However, other cyberattacks exploit gaps in your data security efforts to gain access to sensitive data.
Below are seven of the most common cyberattacks your organization will face in 2021 and the ways to protect yourself against the data breaches they have the potential to cause.