Cybercrime is on the rise. In fact, the number of cybersecurity incidents increased by 15.5% in 2021, while the number of material breaches grew by 24.5%. Even so, 34% of public sector organizations say they are not well prepared for the rapidly changing threat landscape.
As government agencies embrace new technologies and adapt to hybrid models of work, cybercriminals are transforming their capabilities, too. Workforces and computing resources are becoming more distributed, and the fast-evolving landscape of IT infrastructure presents bad actors with new opportunities to exploit security gaps and vulnerabilities—causing the organizational cost of data breaches to grow. Even an organization that develops a strong security posture faces more risks in this environment.