Many businesses faced significant security challenges in 2018, and as the year wraps up, experts predict that threats will continue to develop and grow. According to a report by Ponemon Institute, data breaches have resulted in some worrying figures in terms of financial impact on the corporate world.
Cybersecurity should be an absolute top priority for any business, no matter its scope or industry. However, many organizations compromise on security to save money by sticking with outdated hardware, unsupported software, and inadequate counterthreat measures that just don’t work.
If there are two things that keep business leaders awake at night, they’re the constant threat of a data breach and failing to meet increasingly strict compliance regulations. In Connecticut, the state Supreme Court ruled that in addition to statutory fines, businesses could also face lawsuits from affected citizens.