“Large figures like $53bn can sometimes be difficult to rationalise by businesses. However, the point that should be taken away from this study is that digital is a critical component of all businesses today. You’d be hard pushed to find any business that doesn’t have a reliance on digital in one form or another, in particular the cloud. Businesses should evaluate what would happen if their cloud services were compromised, breached, or unavailable. It’s imperative that businesses invest in threat detection and response capabilities that can not only alert on issues as they arise, but enable business resiliency to minimise customer impact.”
David Emm, Principal Security Researcher at Kaspersky Lab:
“These are big numbers, but they don’t mean much unless terms such as ‘serious cyber-attack’ are quantified. How can we assess the global cost of an attack? It could mean anything from a temporary interruption of service to the takeover of customer systems – with very different costs.
“It’s important for companies to conduct their own risk assessment and develop a strategy that’s designed to secure corporate systems and mitigate the risk of an attack on those systems.”
ISBuzz Team embodies the collaborative efforts of the dedicated staff at Information Security Buzz, converging a wide range of skills and viewpoints to present a unified, engaging voice in the information security realm. This entity isn't tied to a single individual; instead, it's a dynamic embodiment of a team diligently working behind the scenes to keep you updated and secure. When you read a post from ISBuzz Team, you're receiving the most relevant and actionable insights, curated and crafted by professionals tuned in to the pulse of the cybersecurity world. ISBuzz Team - your reliable compass in the fast-evolving landscape of information security
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