Cybercrime is a growing threat in today’s hyper-connected age. Breaches grew 15% between 2016 and 2017 (ITRC 2016, ITRC 2017). Meanwhile he average cost of a data breach blossomed to over $7 million according to a new Ponemon study and cybercrime damages are slated to cost the world $6 trillion by 2021.
The increasing sophistication of hackers makes it more important than ever for security operations teams and individuals alike to protect and defend their environment. Individuals can keep up good cyber hygiene with VPN and safe usage practices. Security operations teams can boost their effectiveness and efficiency with new Automated Detection & Response platforms. In fact, that same Ponemon study found that effective and efficient detection and response help reduce MTTI / MTTC (mean time to identify / mean time to contain) which in turn drastically reduce the cost of a breach.
Hackers, threat actors and cybercriminals are increasingly targeting large corporations with the intention of extracting sensitive, sometimes confidential information regarding employees, finances and more. The world saw several large-scale breaches in the past year alone, including the Equifax hack that put 145.5 million Americans at risk of having their identity stolen.
To learn more about the biggest data breaches of 2017, take a look at the infographic, below.
Original Author: Simon Migliano is Head of Research at Top10VPN and Editor-in-Chief of Privacy Central. He is a former news reporter, whose work has appeared in Australia’s leading newspapers.