2018, the year of breaches
It has become very rare to go a week without hearing about a major data breach somewhere in the world. If you were hoping that things would change, according to a report by Positive Technologies, breaches had increased by 32% in the first quarter of 2018 when compared to the same time last year.
John Mc Loughlin, the MD of J2Software always says, “There are two kinds of businesses out there: Those who have been breached and those who do not know they have been breached.”
Businesses need to realise that if they are not taking precautions or thinking about cyber security, there is a big possibility that they are being breached and are completely unaware it’s happening.
Businesses of all sizes have a responsibility to ensure they have a multi-layer cyber security program in place to protect their staff, supplier and client’s data.
Breaches are costing businesses millions, not only due to the loss of information but also having to do damage control and address the issue to the public.
The cost of a data breach is not only about the direct financial loss because the reputational damage can be far more expensive as customers leave and stop doing business when the trust is lost.
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