Top 3 Trends in Cybercrime You Need to Know

Rebecca James Last updated: July 16, 2023 Reading time: 3 minutes
Top 3 Trends In Cybercrime You Need To Know

There was a time when the rate of new technology and the sophistication of cyberattacks went hand in hand. Both are accelerating rapidly, and cyber-attacks are outpacing our methods of protecting ourselves. This is due mainly to the many layers we’ve added to our technology, allowing for remote work during the pandemic, cloud collaboration between global teams, and complicated IT systems that help improve the customer experience.

Protecting your evolving business and technology from emerging cyber threats starts with staying on top of the latest trends. Keep reading to learn the top three trends in cybercrime you should know right now.

1. Attacks are moving to the cloud

At the start of the COVID-19 pandemic, many businesses were forced to change how they operated. As a result, untold numbers of office workers began working remotely instead, either part-time or full-time. Now, two years after the pandemic began, nearly 60 percent of employees in the U.S. with jobs that they say can be done from home continue to work from home the majority of the time or all the time.

With the move towards remote work comes an increasing dependence on the cloud. This means that cybercriminals are honing their tactics for targeting and breaching cloud workspaces. While most businesses report that cloud-based services are crucial to infrastructure growth, breaches of those cloud accounts cost organizations more than $6.2 million in 2021 alone.