Cyber threats surge in 90% of companies – report

TLDR:

– 90% of companies reported an increase in cybersecurity risks in the last year

– High-profile cyberattacks have highlighted the threat facing businesses

In a recent survey of compliance professionals published by The Wall Street Journal, 90% of companies, particularly mid-sized businesses, reported an increase in cybersecurity risks in the last year. These findings come in the wake of several high-profile cyberattacks, such as those at MGM Resorts and UnitedHealth Group’s Change Healthcare business. To combat these threats, companies are urged to develop robust cybersecurity frameworks that include technological defenses and focus on human factors. The PYMNTS Intelligence report also highlighted the prevalence of cyberattacks in eCommerce, with 82% of merchants experiencing breaches in the last year. This has prompted many businesses to enhance their anti-fraud capabilities to protect against security breaches and maintain customer satisfaction.