Three Steps to Ultimate Cyber Resilience
Security breaches have become a fact of corporate life over the past few years. Cyberattacks are accelerating at an alarming rate as hackers and their use of technology, techniques and procedures become more sophisticated and more cunning. The statistics bear it out: the total number of data breaches through September 2021 exceeded the total number of events in all of 2020 by 17%, with 1,291 breaches in 2021 compared to 1,108 breaches in 2020.
The cost is equally alarming. In a global study by IBM Security, data breaches now cost companies $4.24 million per incident on average—the highest cost of the 17-year history of the report. While drastic operational shifts during the pandemic were cited for costs rising 10% compared to the prior year, data breaches undoubtedly come at a high cost—financially and otherwise.
So what, if anything, can be done about them, immediately and for the long term? Are technological countermeasures enough? Can organizations “counter-attack” these ever-growing threats and successfully keep them at bay, or will they forever be playing catch up in the race to defend themselves?