Cyberattacks and breaches are not going anywhere
The frequency and cost of cyberattacks is accelerating. Globally, the cost of cybercrime is estimated to have risen from $445B in 2015 to over $2.2 trillion today. The frequency and size of data breaches are growing exponentially across all industries (Exhibit 1). In 2021, leading organizations across almost every sector reported major attacks, including tech companies, automotive and government entities.
EXHIBIT 1 Massive Data Breaches Continued Unabated Throughout 2021
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