How valuable is your organization’s data? If you’re like most organizations, you use the data you collect to run your business over the long term and on a day-to-day basis. That data also contains confidential information about your business processes, your employees, and your customers. If that data were to suddenly become unavailable or fall into the wrong hands, you could be in big trouble.
According to IBM’s Cost of a Data Breach Report, the average cost of a data breach reached $4.24 million in 2020. Forbes reports that, from 2019 to 2020, ransomware increase by 435% and malware in general increased by 358%.
Given the increase in and high cost of cybercrime, it’s imperative that your organization put an effective data protection policy into place.