Will increase at 6.7 per cent CAGR over 2020-2025. The total addressable market size of IT security in Australia, in terms of enterprise spending, is set to grow at a CAGR of 6.7 per cent to reach $US3.5bn in 2025, led by continued rise in enterprise managed security service investments,…
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Average total cost of a data breach increased by nearly 10 per cent year over year. Data breaches now cost surveyed companies USUS$4.24 million per incident on average – the highest cost in the 17-year history of IBM’s annual Cost of a Data Breach Report. Based on in-depth analysis of real-world data…
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Up to US$223B from the top brands around the world could be lost due to data breaches. Leading brands from across section of industries not only face loss of valuable data when it comes cyber security breaches, but they also face loss of brand value. Industries such as technology, financial…
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Cybersecurity isn’t just a technology problem it has become a business problem. The rapid digitisation of organisations across many industries has led to an increase in corporate cyberattacks. This costs organisations in terms of money, employee downtime, direct costs of remediating the breach, and far-reaching reputation impacts that damage customer…
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