CDSA

Cybersecurity Has Become a Priority for Every Executive (Harvard Business Review)

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All companies connected to the internet are vulnerable to cyber attacks. And the potential losses are significant. Retail giant Target, for example, estimated its losses from a 2013 data breach at more than $250 million. What’s more, according to a recent survey conducted for BAE Systems of 300 managers in the financial services, insurance, and IT/tech industries in the U.S., 85% of respondents listed reputational damage as the most prominent result of a data breach, with 74% citing legal liability as the second largest concern.