In today’s DailyCyber Podcast I discuss what are the biggest Cyber Security challenges for companies for the next 12 months. Digital Transformation “DX” (DX spending globally is estimated at $7.4 trillion between 2020 and 2024)Digital Transformation VulnerabilitiesRansomware attack costs on average $80,000 to restore dataThe biggest challenge that will impact organizations within the next 12 months is cyberthreats (32%). Shortage of skills to implement technology (30%) and meeting changing customer needs (29%) were also cited as key hurdles.Lack of staff to work on new initiatives (42%) was cited as the most impactful data protection challenge organizations currently have. Lack of budget for new initiatives and lack of visibility on operational performance were also cited.Over a third (39%) of respondents said the ability to improve the reliability of backups is the most likely reason to drive their organization to change its primary backup solution.Over a quarter (27%) of organizations’ data is backed up to the cloud by a Backup as a Service (BaaS) provider. 14% of data across organizations globally is not backed up.Over two in five (43%) organizations plan to leverage cloud-based backup managed by a BaaS provider within the next two years. https://www.cisomag.com/cyberattacks-on-business-2020/ To learn more watch the video or listen to the podcast at www.DailyCyber.ca and comment below

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