As the business paradigm has evolved significantly over the past few decades, so has the cyberthreat landscape. According to an Accenture report, the total cost of cybercrime for each company increased by 12% – from $11.7M (approx €9.7M) in 2017 to $13M (approx €10.8M) in 2018. Between 2013 and 2018, the average cost increased by 72%, and the average number of security breaches increased by 67%.
Cyberattack is one of the major threats for businesses, with each attack incurring millions in damages to organisations. This where EclecticIQ, a global threat intelligence, hunting, and response technology provider, looks to make the difference.