IBMs security study about financial cost due to breaches are getting expensive. A similar study, this time by Accenture with partnership with Ponemon Institute also confirms that the cost of breaches is increasing. Social engineering and creation of phishing websites are increasing in intensity and sophistication. Cybercriminals only have one goal these days: earn profits, generate income, that is the motivation why ransomware, banking trojans, and cryptocurrency mining malware came into existence in this generation. Even in small and medium-sized enterprises, it is highly likely that personal information and secret information will be leaked due to cyber attacks.”]
Source: https://hackercombat.com/cybersecurity-protection-needs-to-reach-the-next-level/