Cybersecurity is expensive, but when compared to the cost of a cyber breach, it certainly pales in comparison. According to the 2022 IBM Cost of a Data Breach Report, the finance industry had the second highest cost per breach, averaging $5.97 million per breach.
As highlighted in our article on the Uber hack, cyberattacks are on the rise. Unfortunately, even when the best practices are followed, no one can guarantee complete protection. Businesses must take additional steps, particularly ensuring that important files are backed up to prevent data loss in the event of a breach.
SharePoint is a collaboration and communication platform developed by Microsoft. It can be used to build an organisation’s intranet and is the basis for effective file-based collaboration.
The popularity of this platform and its wide adoption by businesses makes it a natural target for cybercriminals. Unfortunately, some organisations are unaware of the vulnerabilities that out-of-the-box security defaults could present.
