Cyber security still one of the top challenges for Fortune 500 CEOs

August 7, 2015

Cyber threats continue to dominate the business world and Fortune 500 companies are no exception. According to 2015 Fortune 500 CEO survey, 66% of respondents believe cyber security is one of the greatest threats for their business.

Considering the increase in value of corporate data, such a response rate shouldn’t come as a surprise. More and more sensitive data migrates to the cloud and gets accessed remotely, which directly increases the possible damage a cyber breach can inflict. In relation to this, IBM’s 2015 Cost of Data Breach study shows that the average consolidated total cost of a data breach is $3.8 million, which represents a 23% increase since 2013.

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