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Financial Implications and Opportunities in Cyber Security

Investing in cyber security can seem daunting, but the cost of a breach far outweighs the expense of preventative measures. According to IBM's Cost of a Data Breach Report 2023, the average cost of a data breach is $4.45 million2. By investing in comprehensive cyber security solutions, you not only protect your assets but also gain a competitive edge in the marketplace.

Moreover, the cyber security industry offers lucrative career opportunities. With a growing demand for skilled professionals, roles such as Security Analysts, Penetration Testers, and Chief Information Security Officers are in high demand. According to the U.S. Bureau of Labor Statistics, the median pay for information security analysts was $103,590 per year in 2020, with job growth projected at 33% from 2020 to 20303.

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