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A Data Breach Can Cost Your Company Upwards of $840,000

Friday, March 01, 2013
If your business or organization has been affected by a data breach it will have a direct effect on more than just your confidential materials. Solving the issue will take an extended period of time and money.

InfoSecurity Magazine cited a Post Breach Boom report polling more than 3,500 security professionals to gauge the impact a malicious breach had on their organization. The report found that organizations affected by intentional breaches spent an average of $840,000 to resolve the issue and increase security measures.

The report also indicated that it took an average of 80 days for organizations to detect a breach and another four months to resolve the issue. Internal IT security systems weren't able to detect every breach. One-third of breaches were discovered by a third-party security provider.

In order to help prevent data breaches from affecting your business, read Brian McGinley's blog, the CEO of IDT911 Consulting, to stay on top of solutions that are available to you and your company.

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