Cyberattack Risks Discussed at FII Priority Conference in Miami

(MENAFN) According to Gartner, a well-known analyst firm, almost half of all organizations across the world are expected to experience a cyberattack on their software supply chains by the year 2025. During the FII Priority conference in Miami, Manuel Medina, the founder and managing partner of Medina Capital, emphasized the risks associated with cyberattacks and stated that "there are only two types of enterprises and government agencies today: the ones that have been hacked and the ones that are going to be hacked."

Medina further explained that the internet was not originally designed to manage the level of activity it is currently handling. With globalization and technological advancements such as cloud computing, mobility, and virtualization, the internet has become less secure. Companies in various industries are spending large sums of money to digitize their infrastructure, but Medina cautions that such infrastructure is difficult to protect from cyberattacks.

Medina also discussed the importance of common sense on an individual level. He emphasized that social media companies do not charge users on their platforms because they are monetizing the users themselves. Users should be wary of sharing large amounts of personal information on these platforms, as it makes it easier for both social media companies and potentially hackers to access their data.

In conclusion, it is essential for organizations and individuals to be aware of the potential risks associated with cyberattacks and take necessary precautions to protect their infrastructure and personal information. With the increasing digitization of various industries, the need for cyber protection is only going to become more critical.



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