Healthcare, Financial, and Pharma Sectors:Prime Targets for Cyber Attacks
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Sophisticated cybercriminals target industries like healthcare, financial, and pharma, exploiting vulnerabilities with malware and ransomware for financial gain.
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In 2023, the average cost of a healthcare data breach soared to $10.93M, reflecting the high value of sensitive medical information.
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Financial institutions faced an average breach cost of $5.9M in 2023, battling constant threats to valuable financial data and critical operations.
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Pharmaceutical companies, racing to develop life-saving drugs, saw breach costs average $4.82M, highlighting risks of cyber espionage and intellectual property theft.
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Other sectors, such as energy, industrial, and tech, also suffered significant financial losses due to pervasive cyber threats.
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Global cybercrime costs are projected to reach $10.5T annually by 2025, up from $3T in 2015, encompassing data destruction, stolen money, and reputational harm.
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State-sponsored cyber attacks target high-level government entities, using advanced custom malware for espionage and intelligence gathering, particularly noted in Chinese operations.
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Explore Sectrio's global threat report to learn about cyber attacks around the world.