A breach results in loss of trust, proprietary information, trade secrets and consumer confidence. On the other hand, investing in cybersecurity and breach preparedness creates trust, boosts consumer confidence, and incites innovation – all generators of revenue.
A study conducted for Hiscox shows that, out of 3,000 companies in the U.S., UK and Germany, slightly more than half (53 percent) of these organizations are not prepared to effectively handle a cyber-attack.
Security professionals are unable to keep pace with cybersecurity threats against companies as external and internal threats mushroom from both known and emerging technologies, according to a Trustwave survey.
Who are the Most Influential People in Security? Find out which security leaders are making a difference in the September issue of Security magazine! Also, read about how New York is shaking up cybersecurity, changes in drone legislation, three steps to prepare for the GDPR, school surveillance savings and more.