By now, it is obvious to everyone that widespread remote working is accelerating the trend of digitization in society that has been happening for decades.
What takes longer for most people to identify are the derivative trends. One such trend is that increased reliance on online applications means that cybercrime is becoming even more lucrative. For many years now, online theft has vastly outstripped physical bank robberies. Willie Sutton said he robbed banks “because that’s where the money is.” If he applied that maxim even 10 years ago, he would definitely have become a cybercriminal, targeting the websites of banks, federal agencies, airlines, and retailers. According to the 2020 Verizon Data Breach Investigations Report, 86% of all data breaches were financially motivated. Today, with so much of society’s operations being online, cybercrime is the most common type of crime.