From GDPR, NIS2, and DORA capturing headlines in the EU, to NIST and new cybersecurity rules from the SEC bubbling up in the US, regulatory frameworks are continuously evolving to address the significant increase in cyber threats faced by businesses.
The 2024 UK Government Cyber Security Breaches Survey shows that 50% of UK businesses experienced a cyberattack in the last year, up from 39% the previous year. This alarming trend is driven by the growing digital risks associated with the shift to cloud-centric models.
As companies rushed to cloud solutions during the pandemic, prioritizing access over security led to vulnerabilities. Threat actors quickly exploited these misconfigurations, targeting organizations' digital infrastructures amidst an expanding attack surface.
Sophisticated cybercrime is now often linked to nation-state-backed criminal organizations. Recent supply chain attacks highlight how these groups compromise less secure partners to infiltrate larger enterprise networks, as seen in the 2023 Progress Software incident affecting millions.
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