05/28/2019
“Cybersecurity experts all echo the same thing – cyber attacks are going to get more rampant, and they will continue to pose severe threats against all technology users.
Businesses, in particular, have become prime targets for cybercriminals due to the nature of data and information they process and store.
2018 saw a slew of data breaches targeting large enterprises that resulted in the theft of the personal and financial records of millions of customers.
Falling victim to cyber attacks can deal with a major financial blow to businesses as the cost of dealing with an attack has risen to $1.1 million on the average. It can even be more devastating for small to medium-sized businesses.
60 percent of these smaller operations close within six months after failing to recover from cyber attacks. But aside from these monetary costs, companies can also lose credibility and their customers' confidence.
Needless to say, businesses must improve the protection of their infrastructures and networks against cyber attacks.
Fortunately, the cybersecurity space has been continually working on developments to keep pace with evolving threats.”
“An effective cybersecurity strategy demands that businesses cover all possible areas that can be exploited by attackers. This requires adopting a comprehensive set of tools and solutions that would keep their infrastructures secure. Implementing and integrating these solutions do require spending.
But considering the costs that falling victim to cyberattacks bring, it's only prudent to make these investments. It's simply the reality of doing business in this highly digital landscape.”
(Sourced from thehackernews.com)
Blair Harro
Jackie Gallagher Hepfer
The Hacker News is the most popular, trusted cybersecurity and hacking news source for everyone, supported by hackers and IT professionals worldwide.