IBM reports that data breaches targeting the public sector grew 78.7% in 2020-2021. President Biden met recently with private sector industry leaders in Tech, Education, Energy, Finance and Insurance private sector companies to discuss how the public and private sectors can collaborate to improve the nation’s security
On Wednesday, Aug. 25, President Joe Biden met with dozens of private sector leaders whose companies span multiple industries — Tech, Insurance, Finance, Critical Infrastructure and Education. Some of the Tech Who’s Who of companies include Amazon, Apple, IBM, Microsoft, and ADP. The White House’s press briefing states that the purpose of the meeting was to discuss how the public and private sector collectively can work together to help the country better address the cybersecurity threats targeting the country.
It’s obvious why cybersecurity is such a priority for U.S. leaders. Data from IBM’s aforementioned 2021 Cost of a Data Breach Report shows that the United States continues to lead the way in terms of having the highest average total costs: $9.05 million in 2020-2021. Compare this to the average total cost of a data breach for…
