The digital age is here, and it’s become an indispensable part of our lives. It’s penetrated nearly every industry, including business operations, commerce, entertainment, banking, etc. These advances have put more power in the hands of consumers and businesses, but the increasing reliance on computers, connectivity, and cloud computing has made us more vulnerable to cyberattacks.
Data is the lifeblood of the digital economy and all the services that we are now dependent upon. According to the University of Maryland, a cyberattack occurs every 39 seconds and affects 1 in 3 Americans. The cost of such an attack can be quite steep for individuals but even more disastrous for companies. Some costs can include trade secrets, intellectual property, customer trust, regulatory scrutiny, and a disruption in operations.
