The cost of a data breach has risen 12% over the past 5 years and now costs $3.92 million on average, according to IBM. These rising expenses are representative of the multiyear financial impact of breaches, increased regulation and the complex process of resolving criminal attacks.
The rapid adoption of cloud services, along with an increasing number of cloud infrastructure and platform services, has created an explosion in complexity and unmanaged risk. While IaaS providers deliver basic configuration and risk assessment capabilities, they only address their own services,[...]
Annual losses from cyberattacks averaged $4.7 million in the last fiscal year — with more than one in 10 firms losing over $10 million —according to a new report from ESI ThoughtLab in conjunction with Willis Towers Watson and other organizations specialized in cybersecurity and risk management.
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