![]() Over 22 billion records were exposed worldwide amid 730 publicly disclosed data breaches in 2020 alone. The average cost of a data breach for a company in 2020 was $3.86 million.Īs per TechJury, 30,000 websites were hacked globally every day in 2020. These are just a few examples but may help to highlight the seriousness and scale of the problem. Indian fintech startup Mobikwik was looking at an IPO in 2022, but that looks uncertain now, thanks to a data breach that affected millions of users. An incident of cyber terrorism created a power outage in Mumbai for hours. This data was used to impersonate a person, eavesdrop on meetings and send malware files or documents to create a data breach chain. In April 2020, more than 500,000 Zoom accounts were breached and sold on the dark web and hacker forums. However, the risks of misuse of this data are incredibly high.įrom phishing scams, ransomware, cyber blackmailing, impersonation, cyber terrorism to spam, breaches in data privacy lead to many expensive and damaging disasters for businesses, governments & regulators and alarming for individuals. The importance of data has led to the slogan “data is the new oil” to highlight the unlimited opportunities and possibilities hidden in the world of data and its central role in modern business. From evaluating marketing strategies, predicting sales, performance management, identifying potential revenue sources to designing new products, data enables smarter decisions. Data drives every critical decision, and even entire business models are created around data. In the information age, no businesses can function without data. Official announcement of Swiss School of Management about this program and the collaboration with LawSikho on their website is here. From Swiss School of Management in collaboration with LawSikho
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