The 2020 pandemic is accelerating digital transformation, and cyberattacks are on the rise. Sam ElMihi, former Executive Security Advisor at IBM, said, “In 2020, there was a 485% increase in cyberattacks compared to the previous year, and the number of reported cases in the United States alone exceeded 295 in the past four months.
In addition to the ransomware attack on the Colonial Pipeline in the eastern US oil pipeline in May, which will be remembered as the worst hacking incident on the US energy supply chain, there was a hack of JBS, the world’s largest butcher, in June, and more cyberattacks are expected.
As the number of cyber attacks increases, the demand and awareness of the US government and companies about cyber security is also increasing rapidly.
President Biden has issued an Executive Order on the Improvement of the Nation’s Cybersecurity, which sets out to enhance the federal government’s security measures, including improving the security of government agencies and imposing new standards for software manufacturers contracting with the federal government. on Improving the Nation’s Cybersecurity).
It also signed the National Security Memorandum on Improving Cybersecurity for Critical Infrastructure Control Systems, which outlines the cybersecurity requirements that critical infrastructure owners and operators must comply with. The memorandum includes directing the Department of Homeland Security’s Cyber Security & Infrastructure Security Agency (CISA) and the Department of Commerce’s National Institute of Standards and Technology (NIST) to work with other agencies to develop cybersecurity performance targets for critical infrastructure. there is.
According to a survey of large financial institutions jointly conducted by global consulting firm Deloitte and FS-ISAC (Financial Services Information Sharing and Analysis Center), the digital emerging technology adoption rankings in 2020 selected by financial institutions are 1. Cloud, 2. Data/ Analytics, 3. AI/cognitive computing, 4. Robotic Process Automation (RPA), and 5. Mobile.
Cloud systems have the advantage of allowing flexible and convenient introduction of new ICT technologies such as artificial intelligence, machine learning, IoT, blockchain, robots, and 5G, but they are exposed to the risk of cyber attacks because data and applications move outward. there is a great risk of becoming In the case of a chatbot that helps automate systems, personal information may be leaked because it has access to important data of companies and customers.
As such, investment in cybersecurity, which is closely related to the digital transformation trend, is also increasing. According to data from Pitchbook, cybersecurity startups had invested $9.9 billion globally as of June 15, 2021, with an average enterprise value of $475 million that more than doubled in 2020 compared to 2020. recorded.