The world is progressively becoming more digital. There are billions of smartphones and connected devices, and companies increasingly work remotely and rely on cloud services. With this rise in technology has also come an increase in cyberattacks.

According to 's 2023 Cost of a Data Breach report, 51% of organizations were planning to increase investments in security as a result of a breach. The average cost of a data breach globally was over $4.45 million, up 15% from three years ago. And that's just one type of cyberattack.

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Source Fool.com