Collaboration requires a layered defense against data theft

As Global Head of Cyber Claims Michael Daum from Allianz Commercial puts it: 'You might be 99% cyber safe, but if there is one open door, it's likely that attackers will find it.'

The financial damages can be enormous. On average, a data breach cost a company 4.45 million dollars, according to IBM Security's Cost of a Data Breach Report in 2023.

OEMs, software providers and the public cloud players have to collaborate to protect all links in the cybersecurity chain.

Through its Management Cloud Service (YMCS), it offers a level of device protection that Microsoft Azure alone does not.

Read at Techzine Global