Context: The World Economic Forum’s ‘Global Cybersecurity Outlook 2022’ was released during its online Davos Agenda summit.
Key takeaways from the report
The accelerating pace of digitalisation, fuelled by the COVID-19 pandemic, has led to a record-breaking year for cybercrime with ransomware attacks rising 151% in 2021, and an average of 270 cyberattacks per organisation being faced.
Each successful cyber breach cost a company $3.6 million (almost Rs. 27 crore) last year.
The global digital economy had surged during COVID-19 pandemic, but cybercrime also increased.
