Most companies could use a cybersecurity upgrade in 2018. Despite the increasing volume and costs of data breaches, recent research suggests that most companies have poor cybersecurity practices and vulnerable data. The fallout from a cyber attack is detrimental, including lost records, reputation damage, financial catastrophe, and legal repercussions.
Most companies could use a cybersecurity upgrade in 2018. Despite the increasing volume and costs of data breaches, recent research suggests that most companies have poor cybersecurity practices and vulnerable data. The fallout from a cyber attack is detrimental, including lost records, reputation damage, financial catastrophe, and legal repercussions.
To show the dire state of data security, Varonis compiled the most important and alarming facts from industry leaders. Here are some of the takeaways:
Large-Scale Data Breaches
● Targeted breaches will grow by 27% within the U.S. in 2018
● Cryptojacking attacks increased by 8500% in 2017.
● Over 24,000 malicious mobile apps are blocked every day.
Rising Cybersecurity Costs
● Cybercrime costs increased by over 27% in 2017.
● The average cost of lost business for U.S. companies is $4.13 million.
● Information loss takes up 43% of the costs of a cyber attack.
Increased Risk for Companies
● 21% of a company’s files are not protected in any manner.
● New malware for Mac computers in 2017 increased by 80%.
● 61% of data breaches target companies with under 1,000 employees.
With escalating severity, costs, and risks, it’s clear that cybersecurity is more important than ever. For more statistics to fuel your organization’s cybersecurity, check out the infographic below.
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