In recent years, the global workforce has witnessed a transformative shift toward remote work. The advent of advanced communication technologies and the ongoing digital revolution have made it feasible for employees to contribute effectively from the comfort of remote locations. However, this shift also presents new challenges in maintaining robust data security Read More “Ensuring Robust Data Security in a Remote Work Environment”
According to the National Cyber Security Alliance, 60% of SMEs & SMBs that are hacked go out of business within 6 months. Running a business is a risky proposition. Developing and maintaining a successful business in the technology driven age can be quite difficult. When it comes to security, a data breach can quickly escalate into a devastating event that has the ability to completely ruin a brand.
IBM reported that the average total cost of a breach ranges from $2.2 million to $6.9 million, depending on the number of compromised records. The average loss rises to $6.9 million when the number of compromised records are 50,000. It is $2.2 million for less than 10,000 records.