THE DIGITAL THREAT LANDSCAPE
According to our data, 81% of G20 organisations agree that cybersecurity has risen up the board’s agenda, although 62% admit they do not fully understand the cyber risk posed by their vendors, and only 27% said that third-party risk is a pressing concern.
This demonstrates that whilst the majority of organisations are increasingly aware of cyber risks, they remain unsure as how to address the wide range of existing and emerging threats.
The changing nature of how organisations conduct business has instigated a shift in the prevalence and type of cyber attacks. For the third year in a row, the number of G20 organisations affected by cyber attacks has increased – up to 78% in 2021 from 75% in 2020. The frequency of phishing/social engineering attacks, which rose 5% in the last year to 34% in 2021, have become the most common form of cyber attack.