Why Cybersecurity Matters for Your Business
Cybersecurity threats have increased in frequency. There were 3,205 publicly reported data breaches in 2023 — that's a 72% increase in data breaches since 2021, which held the previous all-time record.
These threats have also become increasingly sophisticated, posing significant risks to businesses worldwide. From data breaches to ransomware attacks, the potential damage can be devastating.
In 2023, the average data breach cost a company $4.45 million. For medium or large organizations, that's a big hit on the bottom line. For smaller businesses, such costs can be crippling.
By understanding the types of cybersecurity threats and implementing robust security measures, you can help to protect your organization from these potentially devastating attacks.