As the frequency and sophistication of cyber threats intensify, organizations around the world have stopped asking if an attack might occur. The questions today are how best to prepare for the inevitable and, if an attack does occur, how to avoid any serious damage and recover quickly.
Consider these facts:
- Cybercrime damage will cost $6 trillion annually (worldwide) by 2021, up from $3 trillion in 2015. (Source)
- Ransomware alone cost organizations $5 billion worldwide in 2017 and that will rise to $11.5 billion in 2019. (Source)
- Seventy percent of IoT devices are vulnerable to hacking, and there will be 20 billion of them by 2020. (Source)
But even in the face of those startling statistics, the reality is that few organizations truly have the capacity to manage their own security; and fewer still have personnel with training and expertise to navigate the cyber threatscape and prevail against hackers, threat actors, and cybercriminals.