“The number of cyber-attacks and data breaches in the past two years have pushed governments and states to force better practices in securing customer data and other sensitive information,” Shawn Waldman, Secure Cyber Defense chief executive, said in an announcement.
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“In fact, the average cost for each lost or stolen record containing sensitive and confidential information increased in 2018 by 4.8 percent to $148 per record, according to the annual Ponemon Institute’s cost of a data breach study,” he added. “The growth of cyber-criminal activity has led to doubling the size of the company and requiring a much larger facility.”
Waldman told the Dayton Daily News last year that much of the company’s recent growth had been fueled by a federal security directive that required businesses working with the federal government to protect their cyber data, or at lease create a detailed plan for doing so.