Cyber incidents cost organizations millions

Security leaders estimate that, on average, cyber incidents cost their organization $3.7 million, with 46 percent suffering from an outage or disruption to their services as a consequence of attacks. A new survey from Red Canary of 550 security leaders, from the US, UK, New Zealand, Australia, and the Nordic countries, finds that SOC teams continue to struggle with the challenges of securing cloud environments, identities, and AI technologies amid evolving threats. Among the findings are that 80 percent of security leaders say they’re spending more than ever on security -- yet breaches and threats keep growing. Security teams are… [Continue Reading]