Over the last five years, there has been a marked shift in how businesses view cybersecurity. As evidence, cybersecurity spending has soared. By year’s end, Gartner predicts worldwide information security spending will reach $81.6 billion (7.9 percent over the record-breaking 2015 figure), and Cybersecurity Ventures projects $1 trillion will be spent globally on cybersecurity between 2017 and 2021.

Embarrassing and costly data breaches have been a hazard of business since the rise of the internet, and many government and industry regulations have carried fees for non-compliance since their inception.

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