With the acceleration of digitalization, digital transformation is more important than ever for organizations, and remote working has become a norm with increasing digital data sharing. On the other hand, the exponential increase of crimes committed over the internet makes it inevitable for enterprises to be mindful of cyber security and take precautions. In light of all these developments, cyber security is more important than ever. So, what should businesses pay attention to regarding cyber security, what kind of roadmap should they follow to protect themselves against cyberattacks?
2018 was an alarming year signaling the need for data security after various data was exposed through cyberattacks. Billions of people’s personal data was breached in 2018, and surprisingly 765 million people were affected in April, May, and June alone.
Audit, compliance, and governance solutions are growing at a rapid pace as part of the Identity Access Management (IAM) market, which is anticipated to grow at a CAGR of over 17% by 2024, according to a report by Grandview Research.
The most recent survey conducted by the SANS Institute (News – Alert) starts off by summarizing stunning breaches associated with sensitive data exposure based on misconfigured Amazon Simple Storage Service (S3) instances including a Verizon (News – Alert) partner who leaked the personal information of more than 14 million Verizon customers, voter data associated with the Republican party revealing private data of nearly 200 million American voters, and the exposure of the L.A. Times’ website source code.
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