The Latest Cybersecurity Threats and How to Detect and Mitigate Them

According to a 2022 IBM study by the Ponemon Institute, 83% of U.S. companies have experienced a data breach more than once, costing them over $9.44 million, more than double the global average of $4.35 million. To add fuel to the fire, the Cybersecurity and Infrastructure Security Agency recently added 66 new vulnerabilities to its Known Exploited Vulnerabilities Catalog. Additionally, new common vulnerabilities and exposures (CVEs) grew by over 24% year-over-year in 2022. At this point, it’s not if a cyberattack is going to occur, but when.

What these numbers don’t include is the potential damage to your brand’s reputation and to your customers. According to research from PCI Pal, 83% of consumers will stop spending with an organization immediately after a security breach – and over 21% of those consumers will never return.

In this whitepaper, we’ll look at some of the most significant cybersecurity threats organizations are currently facing and how to detect and mitigate them in order to protect your customers, your brand, and your bottom line.

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