Cyberattacks continue to be a cause for concern for businesses. Although great strides have been made to combat this issue, the ability of threat actors to adapt, combined with other factors such as the rise in remote working or the increase in the number of devices with Internet access, means that cybercrime persists. According to a study by Cybersecurity Ventures, a cyberattack took place every 39 seconds in 2023, which translates into over 2,200 cases per day.

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Data theft is one of the main concerns for organizations in terms of cybersecurity. Despite the advances made in protection and action protocols, there have been numerous cases in recent months of corporate and third-party data being compromised, putting organizations’ businesses and their customers' privacy at risk.

Boards of directors are working to improve their ability to oversee cybersecurity risk management. This is in response to the growing frequency and severity of cyberattacks, as well as new regulations that require organizations to take a more proactive approach to cybersecurity.

Working from home (WFH) has brought with it advantages such as flexibility and access to global talent, but it has also introduced new security threats to organizations. The shift to a remote or hybrid workforce has forced companies to adopt more software-as-a-service (SaaS) applications, which has caused almost 40% of companies to lose control of their IT and security environments, according to data from a Cloudflare study.