Despite ever increasing investments in security technologies, data breaches and cyber incidents are increasing at a relentless rate, and the problem is projected to keep getting worse. Industry research shows that attacks from ransomware, data compromise, malicious email and credential theft more than doubled to 160,000 incidents per year, with unreported incidents likely bringing the true number to more than 350,000.

While much of the press focused on breaches to high profile targets, every size organization is affected by cyber incidents. In the last year, close to 70 percent of small and mid-sized businesses reported a cyber attack that evaded intrusion detection systems, and more than 80 percent said that malware was not caught by their antivirus software. Close to 55 percent of these companies said they were attacked by ransomware, not just once, but more than twice!