Cyberattacks Costing Companies Nearly $4 Million Per Breach – Experts On Report

The IBM security and Ponemon Institute release report that cyberattacks are costing companies nearly $4 million per breach. The report provides in-depth look at the financial implications of small-, medium- and large-sized breaches after interviewing more than 3,000 people working for 524 organizations experiencing data breaches between August 2019 and April 2020. Cybersecurity experts provide an insight on this report below.


EXPERTS COMMENTS
Saryu Nayyar, CEO,  Gurucul
July 31, 2020
Data breaches will always be costly.
The latest edition of the IBM/Ponemon report shows that data breaches remain costly for organizations that suffer from one. The most significant takeaway is investment organizations can make to substantially reduce the cost of a data breach. Testing their incident response plans and having business continuity plans in place both provided significant benefits. Adding Red Team tests, automating re ....
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Jake Moore, Cybersecurity Specialist,  ESET
July 29, 2020
Robust cyber security is more effective than insurance alone, and should be viewed as a solid protector.
You could be forgiven for thinking that data breaches are now a part of daily business routine. Costing millions of pounds on average, it is clear that more must be done to help protect intellectual data and mitigate the risk. Securing the perimeter to your most valuable data doesn’t always have to cost the earth either, but when you realise that the potential threats are an everyday occurrence, ....
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