Cyber Crime is going to become one of the biggest threats to humanity in the next two decades.
According to IBM’s study on Cost of Data Breach, the average cost of data breach for Australian companies was estimated to be $2.51 million with 47% of breaches being attributed to malicious or criminal attack.
In addition to this, Data Insider reveals that 95% of the records that were breached in 2016 are attributed to three key industries: Technology, Government and Retail. To make things worse, the average cost of a data breach in 2020 could top $150 million, according to Delta Systems. This includes the cost of any data losses, the cost of data clean-up and notification, as well as any lawsuits that could come from the public sector’s loss of Personally Identifiable Data (PII).
At Vault, we take cybersecurity seriously. It is our mission to keep your data secure from cyber criminals and adversaries. While it may appear that localised systems offer higher levels of security than cloud systems, the opposite is actually true. Legacy systems can be difficult to implement and are quite unreliable, with multiple potential entry points and opportunities for a security breach. Despite this, many businesses take huge risks and rely on these on-premise legacy systems to store large quantities of data.
At Vault, we are continually researching effective ways to improve physical and digital security for your data. Using cloud technology, we offer multiple layers of security. Our secure cloud platform natively embeds security controls to meet stringent Government security requirements.
Let our security professionals discuss with you the specifics around the near-term and long-term threat landscape and how we can protect your valuable assets.
Contact us at (02) 6190 0000 today to learn more.