The need for a multi-layered cybersecurity strategy grows as Enterprise Services continue to face threats and, by association, front the cost of cybercrime. Not a week goes by without a headline shouting out about another Enterprise data breach. Gone are the days when you could build a simple on-premise firewall around your IT hardware and call it protected. Today, you need a well-rounded approach.
Time has made it obvious that the healthcare industry is not immune to cybercrime. Becker’s Hospital Review reported that data breaches cost the healthcare industry $5.6 billion yearly. The Breach Barometer Report: Year in Review found that there was an average of one data breach in the health field per day in 2016. These breaches were estimated to have affected some 27 million+ patient records.
The finance industry is among the hardest hit by cybercrime. Cybercrime is ever-evolving, constantly attacking, and growing in sophistication. Something that financial institutions such as banks, hedge funds, and insurance brokers, are not prepared for. This makes them attractive targets for cybercriminals. While these attacks don’t always make the headlines, they are growing in frequency.
Government Agencies, such as state and local governments and police departments, often rely heavily on technology to be efficient and engage citizens. Cyber threats complicate these goals by eroding public trust and reducing the capacity to carry out critical mission functions.
The global cybersecurity market is expected to grow between 20-25% annually according to Andy Szal, Editor for Industrial Equipment News and Design & Development Today. When faced with these numbers’ cybersecurity is becoming an increasing concern for manufacturers and their consumers. In manufacturing, cybersecurity is often applied to the consumer-driven parts of the business.
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