Over the last three decades, Information Technology (IT) has become indispensable thing for every walk of life and the concept of cybersecurity has existed inter-alia. In usual sense, Cybersecurity can be defined as the practice of safeguarding computer networks, system and files from digital threats which are emerging from inside or outside of the organization. In its 2022 study report “Cybersecurity solutions for a riskier world”, Thought Lab (2022) has analyzed in its 2022 benchmarking study that 1200 large organizations across 14 different sectors and 16 countries have spent $125.2 billion towards cybersecurity measures. Even with such efforts, any organization can’t say itself foolproof from common cyber-attacks, viz. phishing, network intrusion, unintentional disclosures, system misconfiguration, loss of data/devices etc. Now-a-days, the cybercriminals have become more prolific and the cybersecurity executives anticipate an increase in attacks from social engineering and ransomware. These attacks might target the weak spots which are possibly caused by software misconfiguration, human-error, poor maintenance, unknown assets etc. Thus, this study paper strives to analyze some of the most contemporary risk trends, which are evolving in cybersecurity landscape and further, to pinpoint some of the effective solutions to combat such
anticipated risk factors.

Keywords: Information Technology, Cybersecurity, Cybersecurity Risks, Trends and Solutions,
Social Engineering, Ransomware