Modern cyber attacks are getting harder to prevent. Cyber criminals have a well-stocked arsenal of attack tools and countless techniques for staying hidden. Hacks, social engineering attacks and malware were three of the top four tactics used in data breaches in 2019, according to the 2020 Verizon Data Breach Investigations Report. The continued growth of 5G, cloud computing and Internet of Things deployments means more devices, data and assets for attackers to target.
An ounce of prevention is worth a pound of cure, but when it comes to cyber security, it could be worth a whole lot more. The average cost of a data breach is nearly $3.9 million—a tough bill to swallow. Unfortunately, many response plans are failing: The average time to identify and contain a breach is 280 days, enough time for a breach to wreak some serious havoc.