Since the birth of the world wide web, the problem of privacy and corporate security issues has become a significant concern. The advancement of technology can be seen as a double-edged sword. Processes and communication become easier, however, there is a trade-off with security issues.
In this regards, not only individuals but majorly any company who is operating in today’s economy is confronted with the threat of cyber attacks and leakages. In 2015, there was an increase by 38% of security incidents in comparison to 2014. Furthermore, the theft of intellectual property has increased by 56% in the year 2015.
It is, therefore crucial for companies to stay up-to-date with the latest technologies to prevent any setbacks that might cause heavy losses and a breach of trust with their customers. Many firms are adopting, given this risky environment by introducing cloud-enabled cyber-security, big Data analytics, and advanced authentication to reduce cyber-risks and improve cyber-security programs.