By the close of 2019, in a time before the coronavirus pandemic, the cyber security industry witnessed the increasing sophistication of criminal gangs and bad actors. Today’s cyber criminals are now efficient enterprises with modern business plans out for material gain or to exercise political or ideological goals. 2020 bought the Novel coronavirus as an everyday reality and to quote Satya Nadella, CEO of Microsoft, “We have seen two years’ worth of digital transformation in two months”. The commissioner clarified that the severity of fines is related to the presence of adequate, reasonable, consistent and effective controls. Create adequate, reasonable, consistent, and effective controls that are credible and defensible with your key stakeholders — your shareholders, regulators and customers — that you are spending the right amount on the right things in security.
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