IBM Storage - An effective line of defense against cyber attacks

01 | The latent threat to global business

Whether they are caused by human error, system glitches, or malicious criminal acts, data breaches are among the gravest and most expensive threats to today’s businesses. The annual Cost of a Data Breach Report, conducted by the Ponemon Institute found that the average cost worldwide of a data breach in the preceding 12 months was $3.92 million.1 Organizations affected by a breach also run the risk of having their normal business operations disrupted, as well as losing valuable data, customers and reputation within their industry.

There is also a corresponding human toll. The World Economic Forum’s (WEF) 2020 Global Risks Report rated cyberattacks as one of the top risks to human welfare. 75% of those surveyed by the WEF said they expect the risk of theft of data or money from cyberattacks to increase, while 76.1% also saw an increased risk of disruption of operations and infrastructure. 2
IT organizations require a systematic approach to security today to meet the new challenges posed by pervasive security threats. Leading enterprises are adopting innovative storage technologies such as safeguarded copies. They’re also leveraging existing, highly effective physical air gap methods to thwart threats and deliver on their business expectations. The key to executing on such approaches lies in successful risk management.