Opinions expressed by Entrepreneur contributors are their own.
Cybercrime costs $2,900,000 each minute, and top corporations pay $25 per minute for cybersecurity breaches.
If cybercrime were a country, it would be ranked the third-largest economy in the world — after the USA and China — with an expected total economic loss of $6 trillion USD globally by the end of 2021.
To combat these attacks, companies are forming cybersecurity partnerships, collecting information about cyberattacks regarding potential vulnerabilities or suspicious activity, and sharing it amongst themselves.
The creation of these partnerships has become so common that tech giants like Microsoft, HP, Cisco, Airbus, and more have banded together. There has also been an ongoing dialogue regarding the benefit of cybersecurity partnerships, with the chief information security officers (CISOs) of the partner companies at the forefront of the conversations.
Building a secure partnership
A strategic relationship between CISOs and cybersecurity is critical. It enables organizations to prevent, respond to, and recover from incidents, thus dodging serious and costly business…
