Security breaches have become common place. Daily, we hear cybersecurity breach reports in the media. However, when healthcare institutions are impacted, consumers see this as “more detrimental” than other industry breaches.

The White House eliminated the position of cybersecurity coordinator on the National Security Council this week. The post was central to developing policy to defend against increasingly sophisticated cyberattacks and the use of offensive cyber weapons.

With ransomware and distributed denial of service (DDoS) attacks on the rise, the average number of focused cyberattacks per organization has more than doubled this year compared to the previous 12 months.

A key factor in establishing trust is the presence of a Security Operations Center (SOC). The SOC is charged with monitoring and protecting many assets, such as intellectual property, personnel data, business systems and brand integrity.

As cyber attacks increasingly threaten every aspect of business and grow in volume and scale, companies will be forced to take new measures to address cybersecurity risk holistically, integrating it more aggressively into their enterprise risk management.

Fraud, cyber, and security risks are at an all-time high, according to senior corporate executives surveyed worldwide for the 2017/18 Kroll Annual Global Fraud & Risk Report.

The percentage of companies reporting financially motivated cyber-attacks has doubled over the past two years, with 50% of surveyed companies experiencing a cyber-attack motivated by ransom in the past year.