Due to the majority of the general workforce’s shift to remote work following the onset of the COVID-19 pandemic, the frequency of cyberattacks has dramatically increased by 600%.

According to the 2020 Cost of a Data Breach Report issued by IBM, the average total cost of a data breach is $3.86 million, and the average amount of time for a company to identify and contain a data breach is 280 days. In addition, 76% of the participants who were surveyed by IBM reported that remote work would likely increase the time necessary to identify and contain a data breach.