Importance of Cybersecurity Monitoring in Your Business
Everyday, news of another data breach hits the headlines. Malicious actors target businesses and governmental IT systems for either financial or political gain. Malicious actors compromised approximately 400 GB of United Nations data by gaining access to IT systems located in the Geneva and Vienna offices. Although most data breaches arise from third-parties , nearly every organization sits in the middle of a supply stream. In other words, almost every business today is someone else’s third- or fourth-party vendor. Cybersecurity monitoring in your business is more important than ever to ensure your organization’s continued financial stability. What are the costs of a data breach? Reports of data breach costs vary depending on how the report defines the costs. More importantly, data breaches account for only a portion of the data security events that occur. A data breach involves the exfiltration, or unauthorized acquisition, of data. Meanwhile, a security e...
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