Findings Point to Wider Cybersecurity Failings
The impact of these vulnerabilities could be catastrophic for businesses around the world. If exploited, hackers could gain access to millions of users’ sensitive information. With this information at their fingertips, they can hold businesses to ransom for high sums. The impacts, however, extend far beyond the financial.
Often, companies that are subject to high-profile data breaches suffer significant reputational damage. Customers lose their faith in that institution as a custodian of their personal information and take their business elsewhere. The effects can be terminal.
With such severe consequences, you would assume that companies around the world are taking their cybersecurity seriously. Shockingly, recent research indicates that that is not necessarily the case, with most businesses deserting even their most basic duties.
If the business world is to get to grips with this escalating problem, firms need to invest more time and resources into upskilling their existing employees and exploring emerging defense technologies. While it’s still in its relative infancy, AI poses a potential solution to some of the problems that we’re currently experiencing.
