Data breaches result in massive economic and legal consequences for organizations. Ginni Rometty, IBM Corp.’s Chairman, President, and CEO stated last year:
"We believe that data is the phenomenon of our time. It is the world’s new natural resource. It is the new basis of competitive advantage, and it is transforming every profession and industry. If all of this is true – even inevitable – then cyber crime, by definition, is the greatest threat to every profession, every industry, every company in the world."
Unfortunately, many companies are not sufficiently protected or prepared–and continue to make the same mistakes when it comes to cybersecurity: