With over 90 million cyber-attacks occurring last year alone, it's no wonder that cyber crime is top of mind for every business owner. Even more surpisingly, 70% of these attacks go unnoticed.
The average cost per data breach has steadily increased since 2012 - hitting $7 million last year.
Attackers target financial information such as social security numbers, personal identity information, bank account info and credit card data that can be sold on the “Dark Web” in massive quantities.
Industrial control systems, the Internet of Things, and Ransomware are increasingly popular targets.
Cyber attacks on the healthcare industry are by far the most costly, however many other industries face above average financial threats.
*Record defined involves financial information such as credit cards, personal health information (PHI), bank details, intellectual property, etc.
The biggest risk for a cyber attack is your employees. Ensure all employers have the proper training to avoid iminent attacks and also put in place procedures if an attack occurs.
Source: “2016 Cost of Data Breach Study: United States.” Ponemon Institute LLC. IBM. June 2016. Web Accessed: April 2017.