Monthly Archives: October 2016

In an open letter addressed to SAP customers earlier this year, SAP CEO Bill McDermott acknowledges the “tremendous concern around information security” given the “relentless and multiplying” threat presented by increasingly sophisticated attackers. The letter introduces the SAP paper Securing Your Business that discusses security trends and outlines SAP’s response to cyber threats. According to the paper, cyber threats are driven by the growth in the volume of enterprise data, the gr ...
read more
According to a recent study from Juniper Research, the worldwide cost of data breaches will exceed $2 trillion by 2019. This is equivalent to 2.2% of forecast global GDP and represents a four-fold increase upon data breach costs in 2015. The average cost of data breaches will also increase to $150 million or 25 times the current average of $6 million. Data breaches are expected to not only intensify in terms of their impact, but also grow more prolific. Globally, there were 6,000 breaches in ...
read more