Record Data Breaches Persist Amid Rising Security Budgets

Despite companies increasing their security budgets and investing a fortune in the best cybersecurity tools, organizations today are subject to more successful breaches than ever before – with five million data records lost or stolen every day, according to the fifth annual Cyberthreat Defense Report from CyberEdge group and sponsored by Gigamon. A full 77.2% of respondents report that their company had been successfully breached at least once in 2017, with 27.4% reportedly breached more than six times. More than 62% say they expect to be breached this year.