The cybersecurity issue is getting way out of hand. After all of the attacks, we’re still not ready for them. Hospitals, schools, and financial institutions aren’t ready. “Nearly 29% of organizations haven’t tested their cyber defenses for a year and out of them more than half weren’t confident about whether their plans will work as per the expectations,” says FireEye, as reported by Cybersecurity Insiders.
That’s where companies like Plurilock Security (TSXV:PLUR)(OTC:PLCKF), FireEye Inc. (NASDAQ:FEYE), Palo Alto Networks (NYSE:PANW), Fortinet Inc. (NASDAQ:FTNT), and Check Point Software Technologies (NASDAQ:CHKP) could help. After all, many times, those committing cyberattacks, are allowed to just walk in the front door. All because an employee created a simple, hackable password.
Look at SolarWinds. “The SolarWinds breach earlier this year, considered the largest in the world to date, is said to have resulted from an intern using an incredibly simple and easily guessable password: “solarwinds123”. The hackers didn’t have to do any “hacking” to execute their breach. They just walked in the metaphorical front door and sat in the living room for 18 months without anybody knowing they were there,” says Business Insider.
Worse, Cybersecurity Ventures expects global cybercrime costs to grow by 15 percent per year over the next five years, reaching $10.5 trillion annually by 2025, up from $3 trillion in 2015.”
Hopefully, we can get a handle on the attacks.