As the age of the Internet is hitting a crescendo, cyber vulnerability is no longer a growing concern; it is a reality most businesses will face in the near future without adequate network protection.
Cybersecurity is a global issue that every industry faces, from government to corporate enterprises, to critical infrastructure and more. A recent Ponemon study shows that since 2013, the average cost of a data breach has risen 29 percent (or from $3.52 million to more than $4 million) in just three short years. More than half of spear phishing attacks carried out in December 2015 were targeted toward small enterprises in the U.K. Also, the U.S. government and Federal Reserve Bank are only two of the numerous high-profile victims of cyber attacks, with the Fed claiming more than 50 between 2011 and 2015. Major corporations faced the challenge of addressing vulnerabilities after a breach and – even after the stories have been told and protection assured to the public – there is still potential for new cyber attacks to have an even more widespread effect on the security of corporate data, assets and infrastructures across the globe.