Cyber Resilience in a Rapidly Changing World: Staying Ahead with Evolving Technology

tech.hindustantimes.com:

Technological breakthroughs have grown extremely prevalent in an increasingly digitized environment, revolutionizing the various facets of our daily lives. The growth of Artificial Intelligence (AI) in recent years has been a spectacular breakthrough, ushering in a new era of possibilities and transformations. AI technologies and applications have found their way into a variety of industries, allowing for automation, better decision-making, and overall efficiency. However, as the world embraces digitalization and artificial intelligence, it is also confronted with the darker side of this technological revolution: the new perils of cybercrime.

Particularly in the aftermath of the COVID-19 pandemic, the travel industry has seen tremendous expansion and appeal. As people regain their confidence to travel and the unprecedented rebound in outbound travel across the globe has increased the exposure to cybercriminals. The travel and tourist industry has become a target of cyberattacks in recent years, suffering a variety of threats such as data breaches, ransomware attacks, and phishing efforts

The financial consequences of cybercrime are enormous. According to industry forecasts, the costs of cyberattacks would climb by a remarkable 15% every year, reaching a staggering $10.5 trillion by 2025. This emphasizes the critical need for organizations to commit significant resources to strengthen their cybersecurity efforts. Recognizing the importance of this necessity, an astounding 85% of small and medium firms (SMEs) have stated their intention to boost IT security investment by the end of 2023. That explains why investing in comprehensive cybersecurity measures is not only a must, but also a strategic imperative for long-term