5 Things Everyone Needs To Know About Governance, Risk And Compliance (GRC)
FORTRA, Monday, July 3,2023
Over the following years, the costs associated with cybercrime, projected at $10.5 trillion annually by 2025, will exceed the estimated worldwide cybersecurity spending-$267.3 billion annually by 2026. Leadership needs to change its perspective on managing cyber risks instead of just spending more money to match the losses incurred.
The cyber economy is being dominated by threat actors who take advantage of the growing attack surfaces of organizations and the vulnerabilities that arise from our dependence on connected services.
Many cybercriminals operate under a low-cost, low-risk business model and take a patient, systematic approach to their activities. Unfortunately, they often face little to no consequences for their actions and can reap substantial rewards with just one successful attempt.