Tag: Cost of a Data Breach

Cybersecurity, if regarded as a strategic business enabler rather than an obstacle, can become the path to a smoother, freer digital transformation. Rethinking your security culture is the first step.

Despite the rising cost of a data breach, many organizations still believe they don't need cybersecurity insurance.

The 2018 Cost of a Data Breach Study from Ponemon Institute reveals that the total cost, per-capita cost and average size of a data breach have all increased year over year.

The cost of the average data breach affecting enterprises has surpassed one million dollars, according to a May 2018 IT security risk survey.

With GDPR coming into effect on May 25, the cost of a data breach is about to skyrocket. A comprehensive, regularly updated CSIRP can help IR teams contain the damage associated with a breach.

A recent government survey found that 43 percent of U.K. businesses experienced cybersecurity breaches in the last 12 months.

The mean cost of an insider threat is $8.7 million, according to a recent global study, and data breaches involving negligent employees or contractors can cost organizations as much as $26 million.

Derivatives clearing and prime services providers face many new challenges, including intensifying regulatory requirements and legacy systems that can't keep up with evolving business models.

Security teams had best bring their A-game to compete against ever-more sophisticated threat actors as new cyber risks emerge and evolve in 2018.

A recent report estimated that the global cost of cybercrime rose to more than $600 billion in 2017, a $100 million increase from 2014.