The impact of a cybersecurity breach can be painful for any enterprise, and devastating for some. Any one of the top five threats we see in today’s environment—malware, ransomware, web application hacking, insider and privilege misuse, and targeted intrusions— are serious and can cause severe, long-lasting financial and reputational damage. First, there’s the financial cost—$4.24 million on average, according to IBM’s 2021 Cost of a Data Breach Report. Then there’s reputational cost, which is much more difficult to quantify and can take years to overcome.
