Feb 01, 2017 07:16 PM EST By Dan Archer, UniversityHerald Reporter

Cisco, the American networking giant, this week released to the world the 10th edition of the company's Annual Cybersecurity Report, which reveals the true cost of security breaches and the necessary actions the companies and organizations are taking worldwide.

Cisco Annual Cybersecurity Report

According to eWeek, Cisco's 2017 Annual Cybersecurity Report reveals the true story behind today's cybersecurity landscape and organizations are feeling a financial impact from security breaches, as spam volumes and systems vulnerabilities continue to rise.

Now in its 10th year, the Cisco 2017 Annual Cybersecurity Report highlights challenges and opportunities for the IT security teams to defend against the fast-evolving threats and changing attack modes.

Aside from the security challenges and opportunities, the Cisco reports also cite budget constraints, poor compatibility of IT systems, and a lack of well-trained security talent as the biggest barriers to advancing the companies' security postures.

In addition to the security challenges, the Cisco 2017 Annual Cisco Cybersecurity Report also revealed the potential financial impact of cyberattacks on businesses. The reports said that operations and finance systems were the most highly affected by the cyberattacks, followed by the brand reputation and customer retention or loyalty.

Spam Tops The List In Cisco's Annual Report

Spam is making a strong comeback and now making the serious threat to the corporate world. According to Network World, sSpam is getting the most attention and top list in the Cisco's annual report.

The networking-focused website claims that spam accounts for nearly 65 percent of all corporate email among customers who opted in to let the company gather data via telemetry in Cisco gear.

The website also stated that in 2010 alone, Cisco has recorded around 5,000 spam messages sent per second. However, that figure has stayed generally below 1,500 for the next five years, rising to about 2,000 in 2014. But last year, it climbed fast, hitting more than 3,000.

For Cisco's security experts, this means only one thing. The use of Spam as an attack vector is increasing in scope and that is something most IT and CIO should pay attention to, Cisco claimed.

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