Read Christian Wiens explain how a well-equipped security team could save you millions of dollars a year on Security Boulevard :
Data breaches are expensive. By now, most organizations are well aware of this fact. When it comes to resource planning, however, SecOps teams need concrete data to ensure adequate funding is available to handle a breach. Taking a look at recent breaches and industry analysis can help. IBM conducts an annual “Cost of a Data Breach” study as the basis for a global analysis of the cost impact of data breaches. According to the study, the average cost of a data breach in the U.S. is growing:
· 2017: $7.35 million
· 2018: $7.91 million
· 2019: $8.19 million
Read the full article here.