Even though catastrophic data breaches are much in the news, many companies dont expect to suffer a breach themselves so dont bother to prepare a plan. Unfortunately, data breaches are increasingly likely to be the rule rather than the exception for organizations of all types. Having a comprehensive plan at the ready and an expert team identified can determine whether your company responds quickly and effectively to a breach or suffers the consequences. And those consequences can be severe.
While headline-grabbing breaches inflicted losses on organizations worth hundreds of millions of dollars, the mean cost of cybercrime was $12.7 million per company in 2014, a significant figure that has nearly doubled from $6.5 million in 2010, according to the Ponemon Institute