The average cost of a data breach worldwide in 2023 was $4.45 million. In addition to the short-term financial loss, there are long-term repercussions such as eroded brand value, damaged consumer trust, and disrupted business operations.
Organizations are confronted with a hard truth in a world where data breaches are occurring more frequently and costing more money than ever before: standard cybersecurity solutions may not be sufficient enough.
In light of this, companies need to figure out how to make their security protocols stronger in order to protect valuable information and important assets. A crucial tactic that is at the core of this change is ongoing monitoring.