Cyber Security

Computer crimes are more prolific and sophisticated than ever and equally building defensive software to combat this is more important than it has been since the advent of the digital age. With our origins being in the architecture of banking & financial software we know a thing or two about creating bullet proof software. 

It is clear across the modern business landscape that more needs to be done to protect business and their customers from cyber threats. It is estimated that by 2025, humanity’s collective data will reach 175 zettabytes. Securing all this data is vital and large amounts of this can easily be compromised. 

Major research organisations have seen alarming changes in statistics over the last few years. The COVID pandemic has only accelerated this alarming growth: 

• The cost of an average data breaches rose to the highest in 17 years in 2021, rising from US$3.86 million to US$4.24 million on an annual basis. (IBM Cost of a Data Breach Report 2021) 

• The number of attacks per company increased from 206 to 270 year over year. A 31% increase from 2020 to 2021 (Accenture’s State of cybersecurity resilience 2021 report). 
• The cost of remedying a ransomware attack has increased from US$761,106 in 2020 to US$1.85 million in 2021 (ENISA Threat Landscape 2021) 
• 82% of organizations have increased their cybersecurity budgets over the past year accounting for up to 15% of total IT spending. (Accenture’s State of cybersecurity resilience 2021 report) 
• The cost of cybercrime is predicted to hit $10.5 trillion by 2025 (2022 Cybersecurity Almanac) 

At Redi Software we offer many solutions to combat the ever-growing threat.