Vodafone released a new global survey highlighting the relationship between cyber defense and business success. According to the report, which included the responses of 1,434 security decision-makers, approximately 73% of companies believe information can serve as a window to new business opportunities rather than act as a mere means of defense.
Cybersecurity breaches have increased as more service providers seek to virtualize their networks. In 2016, for example, reported data breaches increased by 40% from the previous year, according to Identity Theft Resource Center. Cyber criminals are able to use stolen data in the form of social security numbers, addresses and names to withdraw money from bank accounts, file tax returns or order credit cards.
