According to Dark Reading, the cost of cyberattacks spiked more than $1.5 million in the past year, going from $3 million per incident in 2018 to $4.6 million in 2019. Pricier breaches are becoming more frequent: the percentage costing $10 million or more nearly doubled from 7% in 2018 to 13%  this year. 

Radware researchers who compiled the report “2019 C-Suite Perspectives: From Defense to Offense, Executives Turn Information Security into a Competitive Advantage” found there are four main business impacts after a cyberattack: customer loss (45%), brand reputation loss (44%), and revenue loss and operational effects (32% each). Cybersecurity has also become an executive issue, with 72%  of executives reporting it on every board meeting agenda. 

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Ross is the Security Practice Manager here at Symplexity. His sixteen-year career in the computer network security industry as both an engineer and a consultant gives him the experience in qualitative risk assessment, security policy development, and security architecture design, implementation, and monitoring. He works effectively with both technical and managerial personnel across a wide variety of verticals to be their trusted resource.

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