Data breaches cost organisations an average of $47,000, with potential costs reaching into the millions. Aside from direct financial costs, they also damage an organisation’s reputation, which can drive customers to competitors and strain relationships with partners. Trust is particularly crucial in finance, healthcare, and retail. Governments and regulators are pressuring companies to better protect customer data, but risk cannot be entirely eliminated. Organisations can mitigate risk through measures such as cybersecurity training, stricter access controls, and robust disaster recovery plans.
New EU Commission to come up with healthcare cybersecurity plan
The European Commission’s new focus will be strengthening the EU’s healthcare sector against cyber-attacks, with a 100-day plan to initiate implementation of cybersecurity regulations. Cost
