cyber trends
The average time
to identify a data
breach in the study
was 197 days
and the average
time to contain a
data breach once
identified was
69 days.
Whitmore, Global Lead for IBM X-Force
Incident Response and Intelligence
Services (IRIS).
Dr Larry Ponemon, Chairman and Founder
of Ponemon Institute
www.intelligentciso.com
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Issue 05
Hidden figures – calculating the
cost of a mega breach
“The truth is there are many hidden
expenses which must be taken into
account, such as reputational damage,
customer turnover and operational costs. In the past five years, the amount of
mega breaches (breaches of more than
one million records) has nearly doubled
– from just nine mega breaches in 2013
to 16 mega breaches in 2017.
“Knowing where the costs lie and how to
reduce them can help companies invest
their resources more strategically and
lower the huge financial risks at stake.” Due to the small amount of mega
breaches in the past, the study
historically analysed data breaches of
around 2,500 to 100,000 lost records.
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