According to the latest worldwide market study by Juniper Research, the cost of data breaches will rise from $3 trillion each year to over $5 trillion in 2024 — that’s an average annual growth rate of 11 percent.
Gartner estimates that by 2020, 100% of large enterprises will be asked to report to their boards of directors on cybersecurity and technology risk at least once a year. Boards today are more informed about the IT security risk to the enterprise.
Survey: 28% of organizations say they’re collecting, processing, and analyzing significantly more security data than they did 2 years ago, while another 49% were collecting, processing, and analyzing somewhat more data during the same timeframe.
In 2018-2019, cybersecurity skills topped the list of IT challenges – 53 percent of survey respondents reported a problematic shortage of cybersecurity skills at their organization. IT architecture planning skills came in second at 38 percent.
People are very concerned about the security of their personal data and devices — 77% of U.S. broadband households are very concerned about their online service being hacked; 75% worry about their computer being hacked; and 66% are concerned about their smart TV or streaming media player being compromised.
via Parks Assoc