Ransomware – Croixstone

The Rise in Cyberattacks

Those of us who live in the Charlotte region and other locations up and down the East Coast are dealing with the high-impact aftermath of the Colonial Pipeline cyberattack. Here are some fast facts about the rise in cyberattacks to digest while you wait in line for that critical tank of gasoline.

Payments to ransomware attackers rose 337% from 2019 to 2020, reaching more than $400 million worth of cryptocurrency, according to figures just released by Chainalysis, a blockchain analysis company.

Healthcare companies experienced a 9,851% increase in cyberattack attempts from 2019 to 2020.

94% of malware is delivered via email.

Every minute, $2,900,000 is lost to cybercrime and top companies pay $25 per minute due to cybersecurity breaches.

46% of C-level officers suffered from a spyware attack in 2019.

Read to learn more about top cybersecurity facts, figures and statistics from CSO magazine.

We’re Serving Up Consulting BUZZ!

Our leaders at Croixstone spend time each week speaking at length with clients, prospects and consultants across the greater Charlotte region and beyond. We’re often asked the following questions by those in our professional networks.

What’s the buzz out there?
What is top of mind for companies in 2021?
What are you hearing from consultants?

Here’s a bulleted list, in no particular order, of the things we are hearing and seeing from clients, prospects and consultants.

Hiring is difficult. The economy is rebounding, hiring is up, and it is increasingly difficult to fill roles with top-tier talent. The latest Workforce Report from LinkedIn provides insights into the hiring boom.

IPOs are booming. Global IPO deal numbers and proceeds have posted the best performance witnessed in 20 years (and this is driving demand in management consulting). Read EY’s IPO Q1 2021 Report to learn more.

SPACs are hot, hot, hot. Special purpose acquisition company (SPAC) IPOs were more active in Q1 2021 than through all of 2020.

M&A activity is on fire. During the first quarter of 2021, global mergers and acquisitions activity totaled $1.3 trillion, up 94% compared to Q1 of last year.

ERP implementation activity is robust. Many of our clients are planning ERP implementations to go live in 2022. The global ERP software market size stood at USD 38.15 billion in 2018 and is projected to reach USD 71.63 billion by 2026, exhibiting a CAGR of 8.55.

Hackers are targeting the middle market. One-third of middle market organizations reported ransomware attacks in 2020, according to a recent cybersecurity special report from RSM.

COVID-19 trauma is an ongoing issue. Employers are dealing with employee pandemic stress that is inevitably spilling over into at-work life.