How do security measures stack up against the total cost of data breaches? A new Ponemon study offers some useful data on the savings from security automation and incident response.
Cost of a data breach does not only include the monetary losses from the incident but also the implications from the loss of respect and credibility as a business.
Cutting down hacker dwell time will help companies minimize financial and reputational impact to their business, especially if they are subjected to compliance laws like GDPR.
Cost of a data breach is becoming more serious every year. Latest IBM-Ponemon study reports an average figure of $3.92 million which is 12% higher than it was just five years ago.
