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Consumers and businesses face a serious threat called cyberattacks. It has now become a national security concern given the nationwide effect of large scale attacks.

A report from Kaspersky Lab revealed that over 100 banks across the globe has incurred as much as $1 billion losses from a cyberattack that took place back in 2013. Financial institutions from counties like Ukraine, Germany, China, United States, and Russia were affected. The malware that was used in this elaborate attack, got into and extracted information and exploited the weaknesses in the Microsoft Office files that were sent via email.

Another research revealed that a data breach can cost as much as $3.62 million, which makes it one of the costliest threats that businesses can face. It is believed that the damages caused by cybercrime will cost as much as $6 trillion per year by 2021.

Cybersecurity Tips For Businesses
Be Aware

You should be the first person to know about the kinds of cybersecurity threats that your business might face. One common source of weak systems is having a false sense of security. It is important to know the common threats and how you can protect your business.

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