A zero-trust approach helps reduce cost

The data breach now costs organizations an average of $4.24 million, this is a 10% rise from the average cost in 2019 which was $3.86 million. The global average cost of cybercrime is expected to peak at US $6 trillion annually by the end of 2021, driven by the proliferation of ransomware attacks.

Ransomware as a service (RaaS) is a subscription-based model that enables affiliates to use already-developed ransomware tools to execute ransomware attacks. Affiliates earn a percentage of each successful ransom payment. Ransomware as a Service (RaaS) is an adoption of the Software as a Service (SaaS) business model. The report by Ponemon Institute and IBM Security takes into account hundreds of cost factors from legal, regulatory, and technical activities, loss of brand equity, customer turnover, and drain on employee productivity. The report encourages businesses to reduce data breach costs by addressing cybersecurity risks and improving overall security posture. Cybercrime costs include damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement, fraud, post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hacked data and systems, and reputational harm. The average cost of a breach was $1.76 million less at organizations with a mature zero trust approach, compared to organizations without zero trust. Data breaches can be far more than a temporary terror — they may change the course of your life. Businesses, governments, and individuals alike can experience huge complications from having sensitive information exposed.

Zero Trust is the Architecture of the Future. Whether you are offline or online, hackers can get to you through the internet, Bluetooth, text messages, or the online services that you use. Without proper attention to detail, a small vulnerability can cause a massive data breach. Since many people a

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