February 1, 2016
Globally, the average financial loss due to security incidents is now €2.3m, according to the PricewaterhouseCoopers report.
However, rather than let attackers win, boardrooms and business leaders are fighting back by increasing their security budgets by 24pc in the past year alone.
This is leading to a kind of renaissance in developing technologies and frameworks to fight off attacks with cloud authentication emerging as a replacement for passwords.
The vast majority of organisations – 91pc – have adopted a security framework or, more often, an amalgam of frameworks. These technologies are yielding considerable opportunities to improve cybersecurity and produce holistic, integrated safeguards against cyberattacks.