Insider threats remain one of the biggest issues plaguing cybersecurity. A study by Ponemon shows that the costs of insider threats leaped 31% in just two years, from $8.76 million in 2018 to $11.45 million in 2020. The same report shows that it takes companies an average of 77 days to contain an insider threat incident. Forrester predicts that insider threats will cause 31% of data breaches by the end of 2021, up from 25% in 2020.

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.

The escalation in cybersecurity breaches as seen in 2020 has continued well into 2021. According to Verizon’s 2021 DBIR , so far they have looked into 29,207 incidents worldwide. These incidents boiled down to 5,258 confirmed data breaches. An analysis of these breaches shows: Many of these breaches were financially motivated, targeting sensitive data that can be easily monetized and lucratively too. Human negligence, consistent with previous years, was the biggest threat to security.

A slew of recent changes, particularly the massive shift to remote work following the pandemic, has rapidly redefined the cybersecurity threatscape. In the new cyber normal, organizations face the security dilemma of keeping existing tools versus adopting solutions to protect them against today's threats.