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With an average cost of a data breach reaching an all-time high of $4.24 million, still some companies fail to see the full picture and don’t meet modern cybersecurity standards, according to Tripwire.
Despite the fact that online threats are increasing on a daily basis, numerous firms fail to recognize the importance of proper cybersecurity. Interestingly enough, many companies are not aware that they are bound by state, industry, and international laws. Although there is no uniform national or global cybersecurity law in place, companies that fail to meet certain legislation can face legal consequences.
As cybersecurity becomes more of a serious concern, the need for online defense is starting to worry more governments around the world. Aside from the potential data loss, companies that…
Read the original article: Legal Consequences Possible by Cybersecurity Standards Non-Compliance