This cybersecurity threat level should be incredibly concerning to any organization that relies on technology in any capacity. As the Canalys press release explains, “Several high-profile organizations went out of business in 2020 and surviving organizations had to implement business continuity measures quickly in response to the COVID-19 pandemic or face ruin.” Chief Analyst Matthew Ball went on to elaborate that “Cybersecurity must be front and center of digital plans, otherwise there will be a mass extinction of organizations, which will threaten the post-COVID-19 economic recovery.” In the coming weeks and months, it will be essential for companies to heed Ball’s warning as the economy begins to warm up from its current cold state due to COVID-19.

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