Month: June 2024

Each year, businesses invest millions of dollars towards upgrading their cybersecurity defences to fend off cyberthreats. According to a recent Cybersecurity Drive report, cyber investments are projected to increase by 14% annually in 2024, with cybersecurity services accounting for the lion’s share at 42%. Despite the latest advancements and upgrades in cybersecurity technology, human vulnerabilities remain the foremost cybersecurity concern globally. Research and marketing firm Cyber Edge Group found that 82% of cyberattacks in 2023 exploited human weaknesses such as email phishing, in which cybercriminals can achieve entry points to access secure networks and hold businesses hostage with ransomware attacks.