The cybercrime industry is rapidly growing. The number of cyberattacks is continually on the rise, and each subsequent attack proves to be more sophisticated and have adverse effects on businesses. According to Cybersecurity Ventures, the global cybercrime cost is predicted to grow by 15% per year over the next five years, reaching 6.1 trillion US dollars by 2021 and 10.5 trillion US dollars by 2025.
The year 2020 presented businesses with new challenges when it came to their cybersecurity.