When Equifax became arguably the first firm to have its outlook downgraded due to the cybersecurity issues recently, the long-term impact of cyber ignorance became amply clear. Today, as organizations are leveraging more and more digital systems of engagement, transactions, and records, the ramifications of an adverse cyber event are getting bigger. The attacks are causing real losses to organizations in both financial and reputational terms. These losses make it hard for businesses to recover quickly.
Furthermore, as the 2019 data breach investigations report findings state that 39% of the breaches involve organized crime groups and 23% a nation . . .