The Reality of Cybersecurity Today
Even at today’s day and age, cybersecurity tools only detect 42% of cyberattacks. This unfortunate statistic reveals a critical vulnerability within organizations. Additionally, when a cyberattack is finally detected—whether through traditional tools or alternative methods—it’s alarming to note that nearly 194 days have passed since the attacker first gained entry into the network.
The Financial Impact of Cyberattacks
The financial ramifications can be staggering. According to IBM’s Cost of Data Breach Report for 2024, the average cost of a cyberattack in the financial services industry worldwide stands at around US$6.08 million. For organizations operating in the United States, this figure rises to an eye-watering US$9.36 million. These numbers highlight the severe consequences that organizations face due to inadequate cybersecurity measures.
How 360sequrity Makes a Difference
360sequrity offers a viable solution by significantly enhancing detection rates. With the capability to identify 96% of cyberattacks within just three days of their inception, businesses can achieve a remarkable 128% improvement in detection effectiveness. This is a staggering 6600% improvement compared to traditional tools. Moreover, when a data breach occurs, 360sequrity can effectively reduce the financial impact by 50%. In addition, the solution adeptly detects compromised identities, facilitating quicker responses and greatly minimizing alert fatigue among security monitoring teams. This streamlining of alerts is crucial, especially as these teams frequently grapple with anxiety and stress due to overwhelming amounts of notifications.