News & Insights

WhiteHawk Year in Review

Malachi Walker

WhiteHawk Year in Review

It has been an eventful year in the cyber world. We have seen the impacts of cybercrime and cyber risks on businesses and organizations of all sizes, throughout the supply chain.

Numerous breaches occurred on February 2nd, compromising data from Netflix, LinkedIn, and Yahoo, among others. Network Service Providers such as U.S Cellular, T-Mobile, and AT&T all suffered major breaches. Work was impacted when Microsoft was breached on March 3rd. From these to Colonial Pipeline, to the JBS food processing plants, to Accenture, and the many major breaches that did not make headlines, our world’s cybersecurity posture was tested and if we refuse to act, we will see more of the same.

Cybercrime is estimated to cost the world $6 trillion by the end of the year. The threat that’s made the most headlines for this cause has been Ransomware; a criminal industry that is now worth $14 billion and putting our most crucial industries such as Education, Healthcare, Mining, Transportation, Construction, and Energy at risk. Businesses will fall victim to a ransomware attack every 11 seconds. Those who fall victim are increasingly paying the ransom to get their data back (32%); but of those that do, only 8% received all their data back. Additionally, AFCEA reports that 80% of those that paid the ransom experienced another ransomware attack soon after.

With the C-suite being one of the most targeted groups, there has never been a better time to be cyber smart and act against these vulnerabilities before they impact your business. Our analysts have found the top 6 problems and solution options on our marketplace that can empower your business or organization to defend against them.

For more information on these threats and what vendor is right for your size, risk, and budget, schedule a complimentary consultation with one of our analysts.