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Hacks and data thefts, enabled by weak security, cover-ups or avoidable mistakes have cost these companies a total of nearly $1.23 billion and counting

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So what is the actual cost of a data breach? Well, obviously it varies depending on the nature of the organisation that has lost control of its data, the nature of data that has been breached and the severity of the attack.

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The harsh truth is that our technology-filled lives are leaving us open to security risks at practically every turn. It’s so widespread that the 2017 Annual Cybercrime Report predicted that by 2021 cyber crime damages will cost the world roughly $6 trillion annually.

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Within the specific context of Information Security, social engineering is any effort to manipulate or coax people into divulging confidential information.

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