Companies should prepare for potential cybersecurity attacks and data breaches by creating comprehensive response plans based on their current privacy and security policies. Understanding the implications and types of cybersecurity attacks can also be beneficial in establishing these responses. Moreover, global cybersecurity attacks are predicted to cost $10.5 trillion by 2025. Despite initial recovery challenges for both small and large businesses, having a data breach response plan might be advantageous especially when global data breach costs are expected to increase by 2% in 2023 from $4.35 million in 2022.
Laurentian University is facing concerns about the impact of a cyber incident. The university’s officials are working to address the situation and ensure the security