Cybercrime Magazine says that global damages will surpass $6 billion as soon as 2021. 51% of organizations still do not use encryption or tokenization to protect sensitive data in the cloud. 99% of cloud and IaaS misconfigurations fall into the realm of end users’ control and remain unnoticed. Many SME companies don’t even carefully read the terms of their contracts, while in large organizations, they are reviewed by legal advisors who are often disconnected from IT team. Third-parties, especially external software developers, are commonly the weakest link. 97 out of 100 largest banks are vulnerable and poorly coded apps.
Source: https://thehackernews.com/2019/10/data-breach-protection.html