A report from Zscaler highlights that implementing zero trust security measures could avert approximately 31% of global cyber attacks, saving $465 billion each year. The potential preventability is even higher in Europe at 41%. Companies with revenues exceeding $1 billion stand to benefit the most, with zero trust potentially averting 60% of incidents in this category. Sectors like construction and manufacturing exhibit the most potential gains, while finance and utilities show less. The increase in ransomware underscores the critical need for zero trust to mitigate risk and offers potential savings on cyber insurance.
Properly implemented zero trust security could prevent nearly a third of global cyber attacks, resulting in potential savings of $465 billion annually.
Zscaler's analysis underscores that companies over $1 billion in revenue could avoid many cyber incidents, with the construction and manufacturing sectors benefiting significantly.
Adopting zero trust can lead to lower insurance costs as some cyber insurance firms account for it while assessing business risk.
The rise in ransomware threats emphasizes the need for zero trust, which can dramatically reduce risk exposure by phasing out outdated security measures.
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