What exactly is meant by the term “cybersecurity”?
Protecting important systems and sensitive data from cyberattacks is known as cybersecurity. Cybersecurity measures, also known as information technology (IT) security, are meant to protect networked systems and applications from both internal and external threats.

There will be a $3.86 million worldwide average in 2020, and a $8.64 million US average in 2020. All these expenditures, as well as the long-term harm to a company’s image and brand as a result of a security breach, are included in these charges. In order to commit identity theft, cybercriminals steal PII (personally identifiable information), such as credit card numbers, names, addresses, and national identification numbers (such as the Social Security number in the United States or the fiscal code in Italy). It is common for compromised personal information (PII) to result in a loss of consumer confidence, regulatory penalties, and even litigation.

As a consequence of the lack of in-house knowledge and fragmented technology, these expenses might be magnified. Cyberattacks may be countered more successfully by firms with comprehensive cybersecurity strategies that are controlled by best practices and automated by utilizing sophisticated analytics and artificial intelligence (AI and machine learning).

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