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According to a 2022 IBM Security and Ponemon Institute study, the average cost of a data breach increased to $4.35 million this year, an all-time high and 12.7% increase since 2020. The study also stated that the odds of experiencing a security breach are as high as 1 in 4. At this point, the question is not so much whether or not your company will be breached, but when.
How can your organization minimize the cost and impact of a data breach?
Read on to learn about 5 key considerations your organization should take to minimize data breach cost, including:
- Implement a 24/7/365 incident response team
- Keep your organization compliant
- Perform regular backups
- And 2 more