Digital transformations could expose your organization to a greater risk of costly cyberattacks, according to a joint study from ESI ThoughtLab, WSJ Pro Cybersecurity, Security Industry Association, and other organizations. The study surveyed 1,300 companies and found that those whose digital transformations surpass their cybersecurity practices are likely to see a loss of $1 million or more, said the press release.
The study found cybersecurity risks to spike as companies adopt new technology, embrace open platforms, and collaborate with partners and suppliers. Businesses are currently facing the largest attacks from malware (81%), phishing (64%), and ransomware (63%).
Read more about the findings of the new study on TechRepublic.