Hacks and breaches of IT systems in companies of various sizes have been increasing in prevalence over the last few years. With so much negative press, so many people being affected, and lives being destroyed, you’d think that more effort would be put into making sure hacks like these don’t happen. It turns out there’s pretty good reason why it doesn’t seem much is being done about them, but that doesn’t mean things shouldn’t change. With the cost of preventing a breach being higher than the cost of the breach itself, there’s currently little reason from a company’s standpoint to make any changes to their cybersecurity.
Why are we hearing of hacks taking years to be disclosed?
While not the worst, Twitter is not the most innocent, either.
Launching any startup involves a lot of challenges and opportunities. Businesses in the FinTech sector have to think about all sorts of metrics: customer acquisition costs, churn, monthly cash burn rates, and many other factors.
In a manner of just a few years, blockchain has already begun to emerge as a technological game-changer for the financial services industry. The positive impact of this relatively new technology is only just beginning.