Costly data breaches on the rise
The reputational issues are what should be keeping CEOs up at night
Data breaches are on the increase, particularly cyberattacks or hacking. These events can have costly consequences, including damages claims by data subjects — and in due course fines by the information regulator. But the greatest cost of all is reputational. The reputational issues are what should be keeping CEOs up at night.
The Mimecast e-mail state of security report shows that in the last 12 months 53% of organisations in SA have reported an increase in phishing attacks, 46% reported an increase in impersonation fraud and 75% of that increase in impersonation fraud occurred in the first 100 days of Covid-19...
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