Cyber-attacks are increasing in sophistication and magnitude of impact across all industries globally. According to World Economic Forum, the average cost of cybercrime in 2018 across 15 different industries is $13.2 Million and is continually increasing in value year over year. It also suggests that, Cybercrime will remain a large-scale concern for years to come. From 2019–2023, approximately $5.2 trillion in global value will be at risk from cyberattacks, creating an ongoing challenge for corporations and investors alike.
While all organizations are potential targets of cyberattacks, the industries which possess the most valuable data are the biggest targets including financial services, oil and gas, healthcare, Government, and travel. All organizations possess valuable information assets, which may include intellectual property (IP), financial payment information, client information, supply chain partners’ information and personally identifiable information, which needs to be protected against cyberattacks.
At BDO, we provide tailored Cybersecurity services which is aligned with your organisation’s needs.