More Than Half Of Companies Expect Cyberattacks To Increase In 2022

More Than Half Of Companies Expect Cyberattacks To Increase In 2022

Attacks on cloud services, ransomware, and those targeting supply chains and vendors are on the rise, and cybercrime from nation states will grow as well. In response, 70% of companies in Spain plan to increase their cybersecurity budgets.

If 2021 is going to be remembered as a historic year in terms of the number of cyber attacks recorded, 2022 is not going to lag behind. This is believed by the cybersecurity officers, CEOs and senior executives interviewed by PwC for the Digital Trust Survey 2022 report, more than 50% of whom expect cyber threats to increase above the record levels of 2021. This is being reflected in their budgets, as 70% of companies in Spain plan to increase their investments in cybersecurity, compared to 55% last year, and 26% expect this increase to be 10% or even above.

57% of executives believe that the attacks that will grow the most next year are those that target cloud services and ransomware, and 56% believe that what will grow the most will be malware downloaded through the software updates and attacks on supply chain software and corporate mail. Those responsible for Spanish cybersecurity coincide in pointing to threats to cloud services as the ones that are going to increase the most, followed, in this case, by attacks on the supply chain.

The gateway that these cybercriminals will use the most will be the Internet of Things, mobiles, cloud service providers, social engineering and vendors. While the three main protagonists of these cyberattacks will be cybercriminals, hackers and activists, the nation states.

The document concludes that companies have become too complex to be fully insured as a result of the exponential increase in connectivity and the acceleration of digital transformation in recent years. 75% affirm that their companies have an excess of complexity in their operating model and in their processes that could be unnecessary, which entails a notable increase in cybersecurity and privacy risks. The data infrastructures of companies and technological architectures, with a multitude of different systems, many of them legacy and difficult to integrate, are some of the main factors that contribute the most to this complexity.

Tech Splashers

Tech Splashers

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