When you hear about hackers, cyberattacks and cybercrime, it’s easy to fall into the dangerous mindset of thinking it couldn’t possibly happen to your organization. However, according to a study by Clario, 1 in 5 people have been a victim of cybercrime.

The past year has been full of unexpected situations -- from a global pandemic that required the majority of Americans to work from home to a tidal shift in the way we do business. In-person business trips to client and vendor locations have been severely curtailed, requiring technology to keep up with the collaborative needs of a fast-moving, modern organization.

CHICAGO, Ill., Feb. 15, 2021 (SEND2PRESS NEWSWIRE) — Companies, organizations, and institutions that partner with LeadingIT have a lot to smile about as we head into Valentine's Day. This is because the renowned Chicagoland IT service provider is in the advanced stages of launching and rolling out more efficient technology and cybersecurity strategies for its existing and new client base.

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.

Several cybersecurity experts have described the recent SolarWinds hack as one of the worst supply chain attacks on U.S. government agencies and private organizations. Even as more details continue to emerge about the breach, it's quite clear that the 117th Congress will prioritize legislation to prevent similar onslaughts on U.S. technologies.

The manufacturing industry is a crucial sector that plays a foundational role in today’s economic and technological innovations. According to the Department of Homeland Security, manufacturing is one of America’s critical infrastructure industries and the world.

Last year (2020) was a challenging year for most of us. The pandemic affected many areas of our lives. Businesses also struggled to stay afloat, and business owners had to adapt to continue to operate.

As businesses looked for ways to survive, they focused on various solutions that could help them.

If you thought cybercrime was already costly, prepare yourself for this. According to a Cybersecurity Ventures survey, the high cost of cybercrime across the globe is expected to rise by 15% each year for the next five years. By 2025, cybercrime could cost the world $10.5 trillion each year, according to this report.

There is absolutely no doubt that cybercrime is on the rise. And based on the current trends and predictions occasioned by an increase in internet usage, institutions and enterprises will need to stay alert as the upward trend won't stop soon.

Notably, protecting servers and systems from attacks and recovering them post attacks remain a priority.