Although these days companies bend over backwards to protect their systems and critical data, shortcomings of cybersecurity risk management combined with the increased sophistication of malicious attacks don’t make it an easy task. Confidential business information, customer sensitive data or trade secrets can be compromised within split seconds and cause a lot of harm from tarnishing the company’s reputation to fraud activity, lawsuits and millions of dollars lost in the process. In the past two years, over half of organizations in the U.S. have experienced at least one data breach caused by a hacker or tricky malware, which on average costs $7.5 million to repair. The stakes are high and innovation in the field is very much needed.
Why do companies still fail at cybersecurity?
Despite the high demand for cybersecurity, companies still fail…
