The pace of technological advancements, system interconnectivity, and electronic record creation increases substantially with every passing year, and even more exponentially with each passing generation. In fact, the digital world we live in today was long imagined and coveted, and the innovators have ushered to the masses an abundance of availability, speed, and convenience, in as much as it has personal and instant gratification. The baggage that followed, however, was initially relegated to a necessary, albeit acceptable, nuisance that required some sacrifice of privacy and security in the name of progress. Over time the nuisance evolved to measurable risk with impacts that could no longer be ignored, which ignited cyber security as not just an industry but entire economy with a value estimated by Gartner to exceed $155 billion by 2021.
Risk management in all regards is a fluid game. And, like any other lucrative enterprise that draws criminal activity, cyber malfeasance is a numbers game. When more attack surface is made available, the opportunity for an increase in attacks and attackers is a natural result. If you couple that with a tumultuous year that has caused ample distraction (COVID-19, a heated presidential election, a polarized nation divided by politics, record unemployment), 2021 is sure to see more bad actors executing more cyber attacks than ever before, with a Gartner estimated global impact to reach a staggering $6 trillion. Their varying motivations make any organization a target, regardless of industry, and aside from state-sponsored cyber warfare (which is nonetheless a major threat with serious risk implications), with the top being: street credibility, hacktivism, stealing your data for use or to sell, stealing your bandwidth, stealing your money, and holding your data hostage.
An effective cyber defense is critical now more than ever. Protocols, technologies and other countermeasures that worked five years ago, will not cover the complexity of threats across all industries today. Read our recent eBook to see our top cyber security predictions for 2021: Cyber Security Predictions for 2021: Insights & Trends
Founder & Chief Customer Officer
Pelletier is the original Founder of Pondurance, having started the company in 2008, and presently continues on as Founder and Chief Customer Officer. Prior to Pondurance, he was a Senior Manager at EY and Senior Consultant at Haverstick Consulting. He also served as a Computer Emergency Response Team Lead for the Indiana Army National Guard, as commander of HHC 88th Regional Support Group, an adjutant to the CIO – Deputy CISO, and as 2nd Lieutenant – Captain and Deputy Chief of Protocol for the U.S. Army. He graduated with a Bachelor’s Degree in English from Indiana University South Bend in 1994.