Cyberattacks and data breaches can be devastating to an organization’s growth. Fuelled by the COVID-19 pandemic, enterprises worldwide sustained significant losses due to cyberattacks, especially ransomware. Apart from information theft, cyberattacks could cause a range of problems to victim organizations, including loss of customer trust, business, clients, penalties, etc.
According to the Global Cybersecurity Outlook 2022 report from the World Economic Forum (WEF), after suffering a data breach incident, an average share price of a victim company underperformed the NASDAQ by -3% even six months after the event. The research found that ransomware attacks rose by 151% in 2021. There were nearly 270 cyberattacks per organization, with each successful security breach costing a company over $3.6 million.
According to the report, personal cybersecurity concerns of security leaders include:
The estimated amount of data created on the internet in one minute:
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The top three cyberattacks organizations are most concerned about are:
The top three cyberattacks security leaders are most personally concerned about are:
“We are at a crossroads, a point at which cyber resilience has become the defining mandate of our time – beyond foundational security controls – to anticipate future threats, withstand, recover from cyberattacks, and adapt to likely future digital shocks,” the report said.
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