Cost of a Data Breach Hits Record High at $4.24 Million per Incident
A global study from IBM Security has found that data breaches now cost surveyed companies $4.24 million per incident on average – the highest cost in the 17-year history of the report.
Breaches cost over $1 million more on average when remote work was indicated as a factor in the event, compared to those in this group without this factor. Industries that faced huge operational changes during the pandemic (healthcare, retail, hospitality, and consumer manufacturing/distribution) also experienced a substantial increase in data breach costs year over year. Healthcare breaches cost the most by far, at $9.23 million per incident – a $2 million increase over the previous year.
The adoption of AI, security analytics, and encryption were the top three mitigating factors shown to reduce the cost of a breach, saving companies between $1.25 million and $1.49 million compared to those who did not have significant usage of these tools.
Bitcoin Miners Return to Profit with 180% Surge in Revenue
Recent data acquired by cryptocurrency trading simulator Crypto Parrot indicates that the Bitcoin mining revenue surged 179.4 percent over the last 30 days. On June 27, miners earned $13.06 million, while on July 26, the figure was $36.49 million. Cumulatively, the revenue for the 30 days stood at $841 million.
Elsewhere, the revenue for the last 30 days represents a drop of 51.47 percent compared to the $1.7 billion earnings between March 27 and April 26. During this period, Bitcoin was still on a bull run powered by investments from institutions. As of December 2020, miners earned $1.2 billion.
Kaizen Approach Transforms Security with Citrix Secure Access Solutions
Leveraging cloud-delivered digital workspace and secure access solutions from Citrix Systems, Kaizen Approach has created a modern security framework through which it can help itself – and its clients – deliver a simple, secure work experience that empowers employees to work when, where and how they want while keeping their information and devices safe.
Using Citrix Workspace, Kaizen has created one digital workspace where all its important applications can be securely accessed. And leveraging Citrix Secure Workspace Access, it provides a Zero Trust architecture so that employees can securely and easily access these applications and collaborate to do their best work.
