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IBM reports that the average data breach cost over $4.2 million in 2021 , which is a figure that grows every year. An extremely good principle and starting point would be to honestly quantify the cybersecurity risk in your organization. It is no secret that cyberattacks are escalating in frequency and severity each year.
The market size for financial analytics services is currently worth over $25 billion. According to a report by IBM Security, human errors result in 23% of cases of data loss. According to a survey by AFP Payments Fraud and Control, paper checks remain the most vulnerable means of payment to fraud in 2021. million per breach.
Rick is a well experienced CTO who can offer cloud computing strategies and services to reduce IT operational costs and thus improve the efficiency. He guest blogs at Oracle, IBM, HP, SAP, SAGE, Huawei, Commvault, Equinix, Cloudtech. Gordon Davey – Cloud Services Global Business Owner at SoftwareONE.
But in a world with automated backups, built-in firewalls, and service guarantees, it’s easy to get complacent. million, on average, according to the latest IBM report. Plus, cybersecurity risks aren’t the only thing that can affect your company’s projects. Third-party risks. Loss of support. Image Source ).
Realizing the potential in the realm of medical IoT, healthcare, and technology companies have started to partner with technology giants to introduce effective IoMT products and services. According to the 2021 SonicWall Cyber Threat Report, the number of ransomware attempts against the healthcare industry increased by 123% in 2020!
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