Cyberattacks are on the rise. Global ransomware damage costs exceeded $5 billion in 2017 – fifteen times higher than 2015 losses. Ransomware attacks target businesses of any size, leaving millions of personal records exposed and IT teams scrambling to recover data.
No business is immune to data breaches. High-profile companies like Equifax and Uber experienced massive cyberattacks in 2017 that compromised millions of user accounts and put countless people at risk of identity theft. The number of data breaches in the U.S. rose 29 percent in the first half of 2017.
The world is full of cybercriminals. They penetrate complicated data structures of huge credit-monitoring companies like Equifax and snatch personal information from millions of people. They release sensitive customer data from discreet businesses like Ashley Madison to the public. They spy on celebrities through webcams, lock down public utility systems like the German railway and steal thousands of gigabytes of information from high-profile government entities like the CIA.