As we gear up to enter the new financial year, one thing is for sure: cyberattacks per day continue to pose a major threat to businesses of all sizes. With the rise of IoT attacks and the low prosecution rate of cybercriminals, it’s no wonder that companies are spending billions to protect themselves.
Experts at Ponemon Institute reveal that the average cost of a data breach will reach around $5 million in 2023. This is a hike when compared to $ 4.35 million in 2022 and $4.24 million in 2021. With the frequency and severity of data breaches on the rise, businesses must prioritize data security to avoid hefty fines and penalties.
Vulnerability management refers to continuously identifying, reporting, and remediating security risks within the cyber assets from networks to cloud platforms. It becomes vital that good cyber security measures with an extensive vulnerability management system be placed to ensure data and application safety.
We have adopted the cloud rather quickly. We’ve migrated our workloads in a haste at times, and we’ve developed cloud-native applications and adapted to a cloud-first business approach.
Here’s a detailed list of data breaches around the world you need to know about, compiled to present as far as 2012.
The prediction is that $8 trillion will be lost to cyber crimes by the end of 2023, which is almost a third of the USA’s GDP in 2022 and twice as much as India’s predicted GDP in March 2023. The global loss to cybercrime is will grow more than 15% year by year to reach $10.5 trillion by 2025.
In a world where cyber crimes are seeing an exponential rise, maintaining the security of your internet-facing assets has become just as crucial.
Ransomware is a type of malware that is designed to take your system or files on your system hostage. The basic concept behind ransomware is pretty simple. An attacker prepares a payload that infiltrates a computer’s hard drive and encrypts the files in it.
The blockchain industry is expected to grow and hit a value of $163 billion by 2029. With such growth will also come the ever-increasing need for ensuring the protection of blockchain applications. In comes blockchain auditing companies.
The boom of assets in cyberspace has brought companies into the folds of the cyber world. This growth, however, has come with its own set of flaws and vulnerabilities. The management of these vulnerabilities can be a tedious task. Services provided by vulnerability management companies thus become invaluable. This article will detail the top 11 vulnerability management companies, their importance, and their top features.
