Data breaches continue to skyrocket. According to the 2021 Mid Year Data Breach QuickView report from Risk Based Security, there were 1,767 data breaches in the first half of this year, exposing almost 19 billion records. The severity of breaches is also increasing, with two incidents exposing more than 1 billion records.
Cybersecurity is one of the most significant business challenges that organizations face today. The Center for Strategic and International Studies reports that global business losses from cybercrime reached nearly $1 trillion in 2020, almost double the previous year’s losses. Cybersecurity is a risk management issue that requires board-level oversight.