Why Can’t Company Giants Escape Cybersecurity Breaches?

Security breaches have constantly been on a rise in recent times. Just last month, in the course of a week, Uber took its internal communications and engineering systems offline after a network compromise but reported Q2 revenue of $2.7 billion.

In the course of one week, a hacker obtained access to the personal information of American Airlines customers, even video game studio Rockstar Games was compromised when a bad actor stole in-development footage and data from the yet-to-be-released next installment of its billion-dollar Grand Theft Auto game.

According to surveys conducted regarding cyber adversary detection, it has been revealed that cyber activities remain undetected for an average of 201 days, i.e. approximately six months. It is apparently a very short period of time for some company giants worldwide, in order to assume that they are protected from cyber threat actors.

While attacks are becoming more frequent and expensive, the VC industry distributed a staggering $17.1 billion to support the development and complexity of recent cybersecurity companies as well as fund new disruptors. With an average cost of roughly $9.5 million per incident, the United States has held the record for the highest data breach cost for the past twelve years.

However, despite all the efforts and money put into cybersecurity, there has not been a significant advancement in the field. Why can not

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This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents