Over the past years, the number of data breaches cyberattacks has been climbing the charts at a rapid pace. The report being published by IBM security stated that the average total cost per data breach worldwide in the year 2019 amounted to a total of $3.92 million. The cyber experts mention that by the year 2020 the average cost of a data security breach for a major business would be over $150 million. A couple of days ago, the Cyber Research Unit (CRU) identified over 177 websites being hacked leading to exposing of over 7,000,000 sensitive records. The rise in the number of data breaches attacks has made all the organizations irrespective of their size to take the data protection component as an integral part of their cyber defence strategy. Over the period the data breaches have been becoming a growing concern for the organizations due to the rapid growth in the complexity, frequency, and expense of data breaches cyberattacks. Even a small data breach can cause huge harm to the organization’s reputation or can even lead to the closure of the business. These data breaches are not only a concern for the organizations but also a big concern for the governments of the respective country. Recently a file containing personal information of more than 4.9 million Georgians was been published on a hacker forum. It has been reported that this data leak came from Georgia’s Central Election Commission (CEC).
Currently, Cyble not only holds the largest data breach monitoring at AmIbreached.com search engine that holds over 30 billion darkweb records but also provides the services which include enabling faster detection of cyber threats via Cyble Vision and providing clear visibility to third-party cyber threats and risks via their Third-Party Cyber Risk Intelligence Platform.
Beenu Arora, CEO of Cyble and a member of Forbes Technology Council commented-“Data protection can come into play for the organizations in various important ways such as data security, email protection, encrypting data and many more”.
“Organizations must take the measure of data protection with utmost seriousness and they must improve their internal cybersecurity controls maturity to prevent themselves from landing into such situations,” Beenu added.
About Cyble:
Cyble Inc.’s mission is to provide organizations with a real-time view of their supply chain cyber threats and risks. Their SaaS-based solution powered by machine learning and human analysis provides organizations’ insights to cyber threats introduced by suppliers and enables them to respond to them faster and more efficiently.
Cyble strives to be a reliable partner/facilitator to its clients allowing them with unprecedented security scoring of suppliers through cyber intelligence sourced from open and closed channels such as OSINT, the dark web and deep web monitoring and passive scanning of internet presence. Furthermore, the intelligence clubbed with machine learning capabilities fused with human analysis also allows clients to gain real-time cyber threat intel and help build better and stronger resilience to cyber breaches and hacks. Due to the nature of the collected data, the company also offer threat intelligence capabilities out-of-box to their subscribers.