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The 2019 Cybersecurity Almanac published by Cisco and Cybersecurity Ventures predicts that cyber events will cost $6 trillion annually by 2021, as companies are digitizing most of their processes and are often operating remotely. Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025. “As
Recent ransomware attacks , however, showed several inherent weaknesses in the security system of Microsoft services. As a result, individual users and companies irreversibly lost their critical data. Office 365 data loss prevention: Office 365 Spinbackup Backup 0 9 Datapreservation principle Data loss prevention.
A famous example is the WannaCry ransomware attack in 2017, which took advantage of a vulnerability in Microsoft Windows that had already been fixed months earlier. Security Information and Event Management (SIEM) solutions are another vital component in detecting unauthorized access.
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