Ernst & Young09 Mar, 2022Technology
Small and large enterprises alike are confronted with obstacles that limit their capacity to maintain adequate cybersecurity. Businesses have become increasingly vulnerable to cyberattacks as a result of budget constraints and a lack of workforce. Hackers are becoming more sophisticated, and the number of tools used by teams is increasing, resulting in fragmentation and more significant risks. According to an IBM data breach analysis, the average cost of a data breach has reached an all-time high of $4.24 million per event. There are a variety of causes for this increase. Still, one that firms have lately had to deal with is the severe operational shifts that occurred during the epidemic, which resulted in more significant recovery costs.
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