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The 10 Biggest Cybersecurity Risks Businesses Face In 2021

Michael Novinson

From cloud misconfigurations and unsegmented networks to extorting ransomware victims and taking advantage of their cyberinsurance policies, here are the most significant risks organizations face.

Risky Business

Cybersecurity risk is determined by the likelihood of exposure, critical asset or sensitive information loss, or reputational harm stemming from a cyberattack or breach within an organization’s network. Cybersecurity risk is typically determined by examining the threat actor, type of vulnerability and the consequences associated with network disruption.

Vulnerabilities are weaknesses, flaws or errors that can be exploited by attackers through social engineering attacks, DDoS attacks and advanced persistent threats (APTs) to gain unauthorized access. Depending on the attack, the direct and indirect consequences may impact an organization’s finances, operations, reputation and regulatory compliance status.

As part of Cybersecurity Week 2021, CRN spoke with 10 vendors about the biggest risks businesses face since the onset of the COVID-19 pandemic. From cloud misconfigurations and unsegmented networks for remote workers to extorting ransomware victims and taking advantage of their cyberinsurance policies and supply chain relationships, here are the most significant risks organizations face.

 
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