“If you spend more on coffee than on IT security, you’ll be hacked. What’s more, you deserve to be hacked.” – Richard A. Clarke, American Advisor.
Cybersecurity is a key enterprise-wide concern for organizations. Whether you’re a small organization with 2-100 employees or a corporate giant with more than 10,000 employees, if you’re dealing with data, you’re always at the risk of a cyber-attack.
Look at some of the astounding cyber-security statistics1:
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- Data breaches exposed 4.1 billion records in the first half of the year 2019.
- Security breaches have increased by 11% since 2018.
- The average time to identify a breach was 206 days in 2019.
- The average cost of a data breach is $3.92 million as of 2019.
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Coupled with digital transformation and increasing cloud migration, the cyber-risk of companies has increased. As businesses and individuals expose themselves to digital ecosystems, they need to equally pay attention to control their risk of falling prey to a cyber-attack.
And, amidst the coronavirus pandemic, these cyber crimes have increased by 600%. There has also been an increase in phishing emails and coronavirus scams.
As cyber-criminals become…
