With the average cost of a data breach costing enterprises $1.3 million and $117,000 for SMBs, it’s hard to overstate the need to improve your organization’s cybersecurity planning.

According to research cited on CSO, in just one year the average cost of a cyber attack climbed from $1.2 million in 2016 to $1.3 million in 2017.

Although IT budgets are also climbing as more organizations look at it as a necessity, major cyber threats are still delivering crippling blows to businesses across the globe.

Here are the top five cyber threats and their impact on revenue and operations:

1. Data Breaches
Enterprises are particularly at risk for data breaches, due to the amount of sensitive data they process. Just look at the Equifax breach where hackers stole birth dates, social security numbers and other personal data from millions of people.

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