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| • | In search of tech talent. As millions of remote workers log onto their computers from home, ransomware and phishing attacks are spiking. But even as cyberthreats keep growing, the talent shortfall in cybersecurity is stark. About 600,000 cybersecurity jobs in the US remain unfilled, and job openings have shot up 29% over the past 12 months. The lack of technical talent is particularly challenging for smaller companies, since they often can’t pay the higher salaries required to entice workers, says one cybersecurity leader. [Bloomberg] | | | | • | Think before you click. In the ever-expanding world of cybercrime, there’s something new to watch out for: QR-code scams. These types of scams aren’t that common, but security experts think there’s a growing risk. QR-code downloads have soared 750% since March 2020. In January, the FBI warned the public to be wary of QR-code tampering, which can direct users to fake websites where criminals steal sensitive personal and financial data. To avoid falling prey to the ruse, never share your personal info with unfamiliar websites. [WSJ] | | | | • | The cost of cybercrime. Cyberattacks are on the rise as hackers launch increasingly sophisticated attacks. And companies are increasingly vulnerable. Remote work, increased access to the cloud, and many more internet-connected devices offer flexibility, computing power, and convenience but also create entry points. By 2025, cybercrime may cost organizations $10.5 trillion each year. Soon, hackers will start speeding up their attacks from weeks to days or even hours. Yet many companies still don’t have the cybersecurity talent, knowledge, and expertise to be protected. | | | | • | Three big trends. McKinsey’s work helping global organizations shows that many leaders see the need to step up cybersecurity capabilities. By 2025, organizations are projected to spend $101.5 billion on cybersecurity, McKinsey analysis shows. Employees remain a key vulnerability. In early 2020, cybercriminals used compromised employee credentials to access millions of guest records at a top hotel chain. See three cybersecurity trends that will have the biggest significance for organizations over the next three to five years. | | | | — Edited by Belinda Yu | | This email contains information about McKinsey’s research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. | | You received this email because you subscribed to the On Point newsletter. | | | | Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007 | | | |
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