An increase in cyber attack fines highlights firms’ need to tighten security
Open Access Government - Technology News
SEPTEMBER 9, 2022
The Hiscox 2022 Cyber Readiness Report shows the median cost of cyber attacks has risen 29% in the past year to just under $17,000. It showed the number of companies that reported receiving a fine following a cyber attack almost doubled from 11% in 2021, to 20% in 2022. 23% in 2021, 30% in 2022). Loss of customers.
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