Cybersecurity attacks, enterprise breach events and phishing attacks are on the rise, with incidents apparently happening every 39 seconds according to Security Magazine. A significant number of hacks never get reported and it may take up to 6 months for enterprises to even realize that a data breach has happened. Since COVID-induced lockdowns began, the FBI has reported an increase of 300% in reported cybercrimes in USA, while in India the number is over 500%. All these hacks and breaches happen while an eye-popping $123 Billion get spent annually on cybersecurity, with several thousand cybersecurity vendors offering tools and services. Clearly, the hackers have managed to stay a few steps ahead of the defenders!
