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Did you know that approximately 30,000 websites are hacked every day? Or that companies are victimized every 39 seconds? Or that 64 percent of organizations globally have experienced at least one form of cyberattack? The list goes on …
As reports of breaches and losses continue to escalate, so does the importance of data security. The average cost per data breach surged from $3.86 million to $4.24 million in 2021, according to the Ponemon Institute and IBM’s Cost of Data Breach Report 2021. The IBM report also indicated a 10 percent year-over-year increase in average total cost, the highest ever recorded in the report’s 17-year history.
Cyberattacks and Data Breach Incidents Will Persist
Experts have warned that cyberattacks and data breach incidents will persist in the coming years, as cybercriminals look to exploit new vulnerabilities with increased sophistication. Faced with these threats, and the fact that a single failure of your defenses could spell disaster, it’s more important than ever to ensure you have a solid, multi-layered defense strategy.
As data increases, so does its value to us. Medical records, financial statements, confidential employee information, classified government documents, all of it living electronically somewhere. Around 85 percent of organizations view data as one of its most valuable assets, making it arguably the world’s most valuable commodity. However, the more data we have and the more valuable it is to us, the more we have to lose. Cybercriminals know this. With the increasing complexity of traditional and multi-cloud infrastructures and high sophistication of today’s cybercriminals, the need for dedicated security professionals to be highly trained and constantly focused is critical to ensuring proper protection of business-critical data.
With a majority of the global workforce working away from the secure confines of a corporate network, 2021 was a record-breaking year in terms of cybercrimes. According to the FBI, reported cybercrime increased by 300 percent since the COVID-19 pandemic and global shift toward remote work. Businesses have also witnessed 50 percent more attacks per week in 2021 compared to 2020. The intensity and variety of these attacks is expected to surge as cybercriminals become increasingly more tech savvy.
Increasing Complexities and Pervasive, Hostile Threats
The security landscape is becoming more complex and threats more pervasive and hostile. Cybercriminals could strike at any time — and they only need to beat your defenses once.
CIOs and IT leaders are being pushed to address increasing numbers of security threats, application vulnerabilities, and network weaknesses that can leave organizations exposed to data breaches. At the same time, they are tasked with laying the right foundation within their infrastructure to embrace a hybrid cloud, navigate sophisticated application requirements, and more, while data and devices continue to multiply exponentially. But building their own, in-house security solution can be risky and expensive.
Managed security services are designed to improve awareness, reduce noise, and improve the security of your business. It’s not a surprise then, with increasing threats to network and data security, that more enterprises are looking to managed security services to help mitigate cyberattacks.
Partner with a managed security solutions provider to build and customize your security solution and:
- Better identify threats, reduce noise, and provide greater visibility across your organization.
- Stop breaches and prevent ransomware damage in real time.
- Eliminate the time gap between detection and response.
- Incorporate your organization’s specific customizable security policies.
- Receive 24x7x365 support from our leading Security Operations Center (SOC).
Click here to download your copy of Safeguarding Your Business In The Digital Age.