BEC and ransomware attacks are expensive dangers to enterprises, according to the report, which questioned almost 600 IT and IT security practitioners. However, the losses to businesses go far beyond the money provided to the attackers.

An ideal CSPM solution needs to offer coverage for all cloud resources, should stay up to date as new resources are introduced, and must effectively detect real attacks while minimizing unnecessary false positives.

Between collaborating cybercriminals, the upwards trajectory of data growth and the distributed workforce, the risk factor for every business is accelerating. This is one reason why we expect to see most businesses increase their general IT spending by around 5-10% in the New Year, despite the economic impact of the pandemic.