The Cost of a Data Breach Study carried out by the Ponemon Institute interviewed 500 companies from around the world that had experienced a data breach to discover that the average cost of a breach has increased by 6.4%.
Perhaps the most interesting findings of the study were the savings and reduced impact of a data breach a business can make as a result of having an effective incident response plan in place.
Having an incident response plan is just the start, however. Employees right across the organisation need to be aware of it and regular exercises should be carried out in ‘peacetime’ to ensure that it will be carried out properly when an incident occurs.
The study also revealed that businesses using automated security tools like the award-winning CyberScore™ can save them even more. The technology allows businesses to detect vulnerabilities through regular scanning and discover gaps in their security which in turn allows them to quickly resolve or reduce the risk before an attacker has a chance to exploit it. This helps to inform the user how to implement an incident response plan that fits their risk appetite.
CyberScore™ is a fully automated cybersecurity testing service that assesses the strength of your organisation’s network and defences.
It enables you to discover your cybersecurity score and generates a high-quality report that helps security teams communicate and remediate vulnerabilities around an organisation and throughout a supply chain.
XQ Cyber also offers a range of incident response and consultancy services such as Penetration Testing, Cyber Posture Assessments and Incident Response preparedness and testing.