Looking back at cybercrime incidents of the past 10 years, only the questions of “if” and “when” remain. “If” a business has no active cybersecurity policy and processes even just hundreds of rich customer records, “when” becomes soon enough. For the past 10 years, at least eight large-scale data breaches per year have trembled economies. You’d imagine that as business owners, we would have learned the immense value of the digital data we hold. The Ponemon Institute says that just in the US, the average size of a data breach is 25,575 records with a cost of $150 per record on average. That could be the money you would have paid in damages, as a government fine, and potentially in customer lawsuits.
