21 Oct Cybersecurity & data privacy trends in 2020
Cybersecurity continues to be the number one “external concern” for American CEOs, regardless of their industry. That’s because the number of cyberattacks is increasing every year –with hackers attempting to break into a computer “every 39 seconds on average.”
The annual costs of these attacks is expected to reach an incredible $6 trillion by 2021, according to Cybersecurity Ventures. As a result of this data privacy crisis, major corporations are boosting internal investments in cybersecurity and collaborating with South American software development firms to protect their customer’s data.
Looking forward, 2020 promises to be the year when several cybersecurity trends converge. Companies will continue to increase their cybersecurity budgets in order to thwart malicious actors and respond to recent data privacy legislation in Europe and parts of the United States.
5G and the Internet of Things (IoT) will also add billions of internet-connected devices into the world. Each of these is a potential target for hackers. Finally, the tech talent crisis will continue to affect the data privacy sector disproportionately. That’s because the number of job openings for cybersecurity experts is increasing faster than the supply of these specialists.