Cyber Security Risk Assessment

Abstract

The COVID-19 pandemic has accelerated the digitization of business processes, remote work/ access to sensitive data and critical corporate resources. There is a fast expansion of cloud computing services. The cybercrime follows the same trend: the sudden rise of global ransomware attacks, theft and disclosure of personal data, attacks on news sites, phishing email attacks, etc. The cybercrime increase reported since the beginning of the pandemic is about 300%. As a result, cyber security has become very important for all organizations,of all types and sizes. This paper aims to elucidate modern trends in the assessment and treatment of cyber security risks of an entity, automatize the cyber security processes to remove repetitive tasks and reduce the influence of the human factor.