Preparedness is key to managing data breach costs
The cost of a data breach is not easy to define, but as more and more organizations fall victim to attacks and exposures, the financial repercussions are becoming clearer.
Factors such as incident type and severity, regulatory standards, company size, sector, and region can significantly affect how much a data breach could costs a business, but all organizations must carefully assess and prepare for the monetary hits that could be just around the corner should they fall victim. Some are potentially far more damaging (and less obvious) than others.
In this interview with Michael Hill from CSO, Glenn Nick shares his insights about the costs of a data breach and the impact to organizations intellectual property, rising cyber insurance coverage, regulation and litigation.