These security missteps represent common low-hanging fruit attackers seek to infect companies with ransomware and other costly exploits. Before the pandemic, cloud adoption was already expanding rapidly, and it accelerated even faster once companies had to make urgent changes to their business operations. For example, the Flexera 2021 State of the Cloud Report found that 61% of companies made slightly higher-than-planned cloud investments and 29% made significantly higher-than-planned cloud investments in 2020. However, besides the overnight changes in how companies work, another area witnessed explosive growth: cyberattacks. According to a research study by Deep Instinct, ransomware attacks increased 435% in 2020 compared with 2019, and malware increased 358% during the same period. Additionally, the average ransomware payout has grown to nearly $234,000 per event, according to cybersecurity firm Coveware.
David Hart, President and Chief Operating Officer of Presidio is responsible for sales and technology strategy and execution, emerging businesses development, alliances and sourcing, internal IT and our leasing arm – Presidio Technology Capital. He has served on the advisory boards of several world class technology innovators such as Cisco, Dell Technologies, Palo Alto Networks and Intel. Prior to his current role, Dave served as Chief Technology Officer. He joined Presidio in 2005 when the company acquired Networked Information Systems (NIS), a high growth IT systems integrator, where he led engineering, professional and managed services from its founding in 2000. Prior to NIS, Dave was Vice President of Engineering at Aztec Technology Partners (Nasdaq: AZTC) and at its predecessor, Bay State Computer Group. He holds a BS in Industrial Technology and a MS in Manufacturing Engineering from the University of Massachusetts Lowell.