When a security incident occurs, it often results in a host of unexpected direct and indirect costs for the impacted organization. Those expenses may include the cost of hiring a third-party digital forensics and incident response (DFIR) firm, the cost of remediating the incident, and the cost of new cybersecurity protections. But the true cost of a breach doesn’t stop there. Victims of successful attacks can also suffer lost revenue and unplanned audit expenses and can be hit with regulatory fines, legal fees, higher insurance premiums, reputational damage, professional crisis management, and PR fees.
This paper analyzes research on data breaches and helps provide a clearer and more accurate picture of the lingering, end-to-end financial impact of a data breach. It includes data that you can use to make a strong case for investment in security controls to help your organization prevent and detect breaches before they lead to material business impact.
Read the paper to learn: