Last year’s rapid and sometimes erratic transition to remote work left many businesses looking for new ways to understand employee behavior when working from home. According to a survey of 2,000 employers offering remote or hybrid work, 78 percent deployed employee monitoring software to track worker behavior in the past six months. As businesses emerge from the recent pandemic, it’s clear that some things will not return to business as usual.
As businesses emerge from a pandemic year, cybersecurity concerns are necessarily top of mind . Companies face expansive cybersecurity threats on many fronts, prompting 75 percent of business leaders to view cybersecurity as integral to their organization’s COVID-19 recovery. They undoubtedly face an uphill battle. Surging ransomware attacks and increasingly deceptive phishing scams are attracting national attention, while more than 500,000 cybersecurity jobs remain unfilled in the US alone.
The recent pandemic pushed medical facilities and staff to the brink, taxing resources, exhausting employees, and disrupting decades of norms and protocols. It also accelerated technological trends that were quickly becoming popular, namely the centrality of technology and data in patient care. Today, many medical practices are digital-first operations, embracing telehealth and remote work at far greater levels than before the pandemic.
From healthcare to education to critical infrastructure, nobody seems to be safe from cyber attacks. Not even video game creators. News broke in early June that video game giant Electronic Arts was one of the latest victims of a major breach. At first glance, this is just another story of hackers breaking into a victim and finding their way to a sizable pay day. Nothing new here. Plenty of attacks happen every week, right? However it was the way that the attackers got in that was interesting.
The costs and consequences of a data breach or cybersecurity incident have never been more severe. According to the FBI’s recently released Internet Crime Report 2020, cybercrime resulted in $4 billion in losses last year, a low estimate that still encapsulates the incredible value lost to threats actors. For small businesses, the costs can be catastrophic. As Vox reports, 60% of small businesses will close after a data breach, underscoring the high-stakes bottom-line nature of cybersecurity.
In February 2020, a Time Magazine headline declared, “The Coronavirus outbreak has become the world’s largest work-from-home experiment.” Over a year later, that experiment has been a resounding success for companies and employees who found abundant upsides to less rigid workplace expectations.
Businesses need to act now to survey their supply chain, developing the capacity to anticipate and respond to supply chain risks, minimizing the impact and optimizing opportunity. In March, the world witnessed a curious scene. A container ship longer than the Empire State Building became lodged in Egypt’s Suez Canal, creating an incredible spectacle as heavy construction equipment and a fleet of tug boats tried to dislodge the vessel from the canal walls.
While data security has been an important topic since the internet’s inception, the issue is experiencing renewed prominence as platforms collect and struggle to secure copious amounts of personal information and prevent cyberthreats at the same time. The early 2000s were characterized by unprecedented growth and participation in the digital data economy, but the 2010s saw the creeping consequences of this ecosystem.