The cybersecurity industry has proliferated in the past few years, and as it has grown, so has its value. According to research conducted by Statista, the cybersecurity market is currently worth $159.8 billion and is expected to grow to $345.4 billion by 2026. As the number of cyber and IT businesses, tools, and employees has grown, the volume of cyber attacks on businesses of all shapes and sizes has skyrocketed.
Businesses across the globe feel the effect of cyberattacks and crimes. According to research conducted by Cybersecurity Ventures, the cost of cybercrime reached $6 trillion in 2021, and the damages are estimated to grow to $10 trillion by 2025.
As cybercrime becomes increasingly lucrative, cyber attacks are likely to increase. However, data breaches aren’t just limited to financial losses. They can affect business operations, staff, valuation, reputation, and finances.
Whether sensitive or personal data, companies seek efficient solutions to maintain network security and the confidentiality and security of their data and preserve sovereignty. But how?
Enter cybersecurity reporting tools.
Cybersecurity reporting tools protect enterprises from various kinds of…
