Many organisations are ill-prepared to defend against mobile and IoT application security threats, according to a study from the Ponemon Institute, IBM Security and application protection provider Arxan Technologies, which shows that 60% of organisations have already experienced a data breach caused by an insecure mobile app.

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Big data analytics is fast becoming the defence to a cyber security offence.

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The average cost of a data breach is now US$4 million, up 29% from US$3.79 million in 2015. The average cost per stolen record is US$158.

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