In recent years, cyber attacks have grown exponentially making us all a lucrative target. According to the Online Trust Alliance (OTA), cyber threats targeting businesses almost doubled last year rising from 82,000 to 159,700.
The Equifax breach of 2017 cost the company over $275 million. How much will a potential breach cost your business?
Cyber attacks are now more frequent then ever and many businesses are looking for new and efficient ways to protect their data. In fact, almost one in three targeted attacks in Canada resulted in a security breach.
Cybersecurity attacks are on the rise, and this phenomenon has businesses across the planet rushing to boost their security protocols. However, with bring-your-own-device initiatives and the Internet of Things being added to enterprise networks, this process is getting quite complicated.
A recent study conducted by the cybersecurity company Kaspersky Lab found that the average cost of an enterprise data breach was approximately $1.23 million. That number is a staggering 24% higher than last year’s average of $992,000.
