5 of the Top Cybersecurity Risks & Ways to Address Them in 2020

The number of cybersecurity risks - both external and internal - is continuously rising and show no signs of stopping. A host of new, more difficult to detect and sophisticated cyberattacks has the IT industry on high alert.

Attackers are launching intelligent attacks involving phishing, social engineering, malware, insider threats, and ransomware to gain access to consumers, companies, and even government data.

In addition to this, the huge cybersecurity skill gap isn’t making things any easier for businesses to overcome such a crisis. Over 68% of business leaders feel their companies’ cybersecurity risks are constantly increasing.

With damages related to cybersecurity estimated to hit $6 trillion annually by 2021, it is important for companies to take preventative measures and be proactive when it comes to cybersecurity.

Here is a quick overview of the biggest cybersecurity risks and ways to address them: