43% US Risk Professionals Say Cyber Incidents will Thrive in 2020

Data gathered and analyzed by Atlas VPN shows that 43% of business professionals predict US companies will get involved in a cyber accident by the end of 2020. Cybercrime, data breaches, and IT failures are the most common threats to enterprises in the US this year. However, companies are willing to invest and make cybersecurity a priority.

This year, companies will also be facing risks of business interruption (37%), market developments (24%), and changes in legislation (23%). Due to COVID-19, these numbers are expected to grow within the next few months.

Another survey reveals that companies all over the world are aware that cyber-attacks are the most common risk they are facing. Hence, they are planning on investing in cybersecurity, with a leading priority being cloud security. 47% of organizations from the world reported a significant investment increase in cloud security this year. 

According to a 2020 cybersecurity roundup shared by Forbes, companies are predicted to spend $636 million in 2020 globally.

The COO of Atlas VPN, Rachel Welsh, shares her predictions on whether companies will be prioritizing cybersecurity amid recession caused by COVID-19:

“Global recession due to COVID-19 is inevitable, so companies are already cutting costs. I suspect smaller organizations may no longer be prioritizing cybersecurity tools amid the recession. Meanwhile, corporations are aware of how hackers can take advantage of the crisis and I expect them to continue prioritizing cybersecurity.”

The investigation also covers the rest of the risks US companies will be facing and cybersecurity investment plans for companies worldwide.

The full report is available at: https://atlasvpn.com/blog/43-percent-us-risk-professionals-say-cyber-incidents-will-thrive-in-2020-businesses-ready-to-invest/