Geopolitical tensions, supply Chain challenges, economic slowdowns, ongoing pandemics, and more have impacted companies and people in ways that are changing how business is conducted for many years, and the dynamic effects of these variables have been around for a long time.
As interest rate hikes continue to grab headlines, businesses need to ensure their budgets are being used effectively. But despite the economic downturn, the cyber security and AI industries have grown steadily over the past 18 months.
Cybersecurity is critical to businesses’ revenue, growth, reputation, and overall performance. But are we doing everything we can to manage the level of risk in our connected world, or is there a missing link?
Cyber security is growing more critical every year.
According to the Nasdaq report, 14 market days after the breach was disclosed, the company’s average share price underperformed by -3.5% on the stock exchange. A more troubling data point is that businesses accumulate more than 50% of post-breach damages as long-tail costs.
In particular, 31% of costs are accumulated in the second year, and 24% in highly regulated industries more than two years after the violation. Still 29% CEOs and CISOs and 40% Chief Security Officers acceptance Their organizations are unprepared for the rapidly changing risk landscape.
