If it wasn’t clear that cybersecurity is the new frontier in our evermore-connected world, a recent report from Microsoft, entitled the “Digital Defense Report,” details how rapidly escalating security threats are growing in sophistication and pervasiveness from nation state actors in China, Iran, North Korea, South Korea and Russia. Specifically, ransomware attacks enabled by widespread phishing campaigns that steal credentials are on the rise, along with a myriad of other high profile targets and the IoT.
“This report makes it clear that threat actors have rapidly increased in sophistication over the past year, using techniques that make them harder to spot and that threaten even the savviest targets. For example, nation-state actors are engaging in new reconnaissance techniques that increase their chances of compromising high-value targets, criminal groups targeting businesses have moved their infrastructure to the cloud to hide among legitimate services, and
The pandemic caused drastic travel restrictions and non-essential business closures, driving seismic shifts in how and where consumers spend their money. Consumers had no choice but to turn to the digital channel as brick-and-mortar stores and restaurants closed during the height of outbreaks. These shifts brought several consumers online for the first time and caused existing e-commerce users to increase their online shopping frequency.
In order to understand the degree to which connected consumers have shifted toward the digital channel during the COVID-19 pandemic, Euromonitor International analyzed results from two global consumer surveys* with a fielding difference of nine weeks between early January to late March.
Nearly every category highlighted in the chart below recorded a double-digit increase in the percentage of connected consumers making digital purchases between the two fielding timeframes.