The discouraging numbers continue to grow as the latest high-profile breaches make headlines. Another corporate giant crumbles with the embarrassment of exposing countless names and emails of trusting customers. Ransomware is exploding, with experts predicting an attack every 11 seconds in 2021. 61% of all tech companies surveyed in the 2021 IT Compliance Benchmark Survey experienced a security breach or privacy violation in the last three years. Today, companies in every industry are asking themselves, “Will we be next?”
Today’s technology is undoubtedly making business processes faster, more mobile, and more efficient. Advancements like cloud migration, 3rd-party vendors, and mobile devices surely boost convenience. But they also increase cyber risk exposure.
So, what exactly is cyber risk, and how can your organization protect itself while continuing to innovate in the digital age? This article will explore cyber risk and how your organization can effectively manage it while continuing to enjoy the benefits of advancing technology.
Definition for Cyber Risk
Risk implies a degree of probability or the chance of an event occurring. Cyber risk is based on the…
