Our cyber risk predictions of 2020: What effect did Covid-19 have?

The year 2020 has been like no other, with Covid-19 having devastating, profound effects. When it comes to cybersecurity, the pandemic tested the resilience of organizations around the world. It is no longer enough to be secure. Now there is added pressure to be agile and flexible enough to adapt to new ways of working…

As the year draws to a close, it would be useful to reflect on the many lessons of 2020. We made some predictions last year about how we thought the year would shape up from a cyber risk perspective. Looking back our expectations were pretty accurate. So what did our experts anticipate and how did that compare to what actually happened?

Prediction 1 – Increased board interest in cybersecurity risk: We recommended that firms engage more closely with their boards around cybersecurity matters and communicate cyber risk information in financial, quantitative terms.

Drumz plc (LON:DRUM) is an investing company whose policy is to invest principally but not exclusively in the technology sector within Europe. On 4 September 2020, Drumz made an investment in Acuity Risk Management Ltd, which operates an award winning software business specialising in risk management. 

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