Data breaches are becoming more serious as cybercriminals continue to target intellectual property. This puts the company’s reputation at risk and increases financial liability. In Singapore, 66% of all breaches have required public disclosure, which in turn has affected financial results.
SINGAPORE (May 6): Despite improvements to combating cybercrime and threats, IT security professionals are still struggling to fully protect their organisation against breaches with 61% claiming to have experienced a data breach at their current workplace.
This is part of the findings from McAfee’s latest report titled Grand Theft Data II – The Drivers and Shifting State of Data Breaches.
