Security is no longer about if an organization’s defenses are compromised, but rather when that compromise becomes a breach. The speed and sophistication of today’s cyberthreats means that no organization is safe from attack. According to Symantec’s Internet Security Threat Report v.20, five out of every six large companies were targeted for attacks in 2014. It only takes one conniving phishing email to slip through and ruin a network.
The impact of a cyberattack to an organization’s brand, reputation and business operations can be catastrophic, with legal repercussions varying in scale across the board. This year’s NetDiligence Cyber Claims study saw claims ranging up to $15 million, with typical claims ranging from $30,000 to $263,000. With costs rising, all organizations need to plan proactively for attacks and prepare to act reactively to incidents.
