Cybersecurity breaches are on the rise as attackers become faster, less predictable, and more harmful. Many companies, both big and small, are learning what the results of a massive cybersecurity beach can be after just a few hours of impact.
On average, it takes approximately 200 days before a cybersecurity breach is discovered. Part of the reason for the long stretch of time is because cyberattackers spend long hours researching the technology and processes of the company they wish to target.
A breach leaves a company vulnerable to theft of data and severe damage to the customers’ experience and the company’s reputation. The first 48 hours after discovery are extremely important to counter an attack.
In 2015, “90% of large organizations suffered a security breach” and “74% of small businesses were breached in the same period.”
Additionally, in the U.K., the annual cost of cybercrime on average is £4.1 million.
By 2020, the average cost of a data breach is expected to be $150 million.
The question is no longer if your company will experience a cyber-attack. The bigger question is how you will respond to it when it happens.
When the unexpected hits, you need a strategy and a trusted cloud provider who is:
#1 Relentless about security
#2 Understands your data
#3 Obsesses about compliance
#4 Leads in transparency about privacy and security