As businesses and industries continue to shift towards digitalisation to drive efficiencies in operational processes, cyber threats are increasingly becoming a key risk. Consequently, there’s a growing need for businesses to ensure they’re protected against such threats. Any business, large or small, can be the victim of a cyber attack. The majority of attacks aren’t specifically targeted meaning all businesses must take this growing threat seriously.
Cyber threats are continually evolving, moving from viruses to more sophisticated methods like ransomware and social engineering. The shift to cloud computing, Internet of Things Devices and mobile technology is a growing area of potential risk. If confidential information is obtained, the onus will be with the owner of the organisation and, therefore, it is important to be protected against such risks. The impact of such data breaches can have huge financial consequences, including costs associated with outside computer forensic analysis professionals, legal costs incurred in managing a breach, compliance assessment, monitoring, restoration, ransomware demand, civil litigation and regulatory enforcement actions.
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