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Tag: Security

Cost of data breaches predicted to hit $5 trillion in 2024

A new report from Juniper Research found that the cost of data breaches will rise from $3 trillion each year to over $5 trillion in 2024, an average annual growth of 11%. This will primarily be driven by increasing fines for data

As losses mount, firms continue inaction on cyber defence

Corporations are still not taking cyber defences seriously, despite cyber attacks continuing to inflict significant damages on companies around the world. In fact, according to a study of 5,400 organisations across seven countries, insurer Hiscox found that the number of firms achieving

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