The compromised company may bear the financial brunt of the breach within the first year after the incident occurs, but the price tag is still far from final. The average cost of a data breach has risen 12% over the past five years to US$3.92 million globally, according to IBM’s 2019 Cost of a Data Breach study, which drew on … More Data breaches can haunt firms for years
No business, whether large or small, can afford to ignore cybersecurity, and the pressure to protect businesses is mounting as cybercriminals hone their skills to target a company’s weakest points. While bigger corporations generally have large IT departments to respond to evolving threats such as crypto-jacking and ransomware attacks, small and medium-sized enterprises (SMEs) don’t … More Keeping your business safe
The countdown is on. In just over eight months’ time, the General Data Protection Regulation (GDPR) will come into force and this will have huge implications for businesses – of all sizes and in all countries – which handle the personal data of EU citizens. Billed as the largest piece of privacy legislation for 20 … More Is your SME ready for GDPR?
Businesses are set lose $8 trillion to cybercrime over the course of the next five years, according to a new report. Juniper Research found that enterprises around the world are more at risk due to even greater levels of internet connectivity, as well as “inadequate enterprise wide security”. The paper, titled The Future of Cybercrime … More $8 trillion ‘to be lost to cybercrime in next 5 years’