When hackers penetrate your public and private networks, it can lead to devastating consequences. A data breach can not only destroy a company's electronic data, it can also bankrupt a business.
The average data breach costs $4 million, according to a 2016 study from IBM. The study also reports that the average cost incurred for each lost or stolen record containing sensitive and confidential information increased from $154 to $158 over the past year.
When it comes to the volume of attacks, the numbers are simply staggering. It is estimated more than 900 million records of personally identifiable information have been stolen in the U.S. over the past few years, according to NetworkWorld.com.
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