"I think it's really important to talk about this, especially because of the new environment we're in right now," she said. "From 2020 to today, corporate malware phishing has increased by 450 percent. And that's primarily because of COVID and a distributed work force."
She said the top risk at companies is employees, the weakest link when it comes to fending off phishing attacks.
In 2019, for example, there were 260,000 attacks at one company. Two years later, that number was about 720,000.
Desai also said cybersecurity problems will increase because money is a motivation.
"Cybercrimes pay and they pay a lot," she said. "Cybercrime now is open to the globe. The use of bitcoin and crypto can't be traced. When you're in the World Wide Web, there's really no jurisdiction."
There are many ways for businesses to combat this rise in cybercrimes, Desai said. This includes updating software, using passwords longer than eight characters, staying ahead of trends, ensuring decommissioned computers and phones are wiped clean before disposal and using encryption as a second layer of protection.
Another important weapon is to get employees thinking about how to keep cybercrimes at bay.
"Employees are the weakest link, but educating them is really going to help you as well," she said. "Getting buy-in in the beginning, making sure before you have any type of implementation or you go through any type of change or a digital transformation, you're talking to your employees and telling them the security controls that you're going to put into place."
Desai said cybersecurity is a worldwide problem and will only get worse.
"One thing that I tell people is it's not if you're going to get attacked, it's when you're going to get attacked," she said.
"It's going to happen. My organization gets pinged 7,000 times a day from someone trying to break into our system, and we're a cybersecurity company.
"Being in the finance industry, your data is very worth it for malicious actors."