• Colin Doyle CFO

Shore up your data breach detection skills

A lapse in cyber-security can be costly in terms of money, time, and reputation. Swift detection can head off worse problems.

Costs in time and money

  • 191: Average days to identify a data breach

  • 66: Average days to contain a data breach

  • $225: Average cost per record of a data breach in the United States – $225 per capita

Source: Ponemon Institute Research Report, 2017 Cost of Data Breach Study.

Professionals at risk

  • 58% of victims of data breaches were categorized as small businesses.

  • 68% of breaches took months or longer to discover.

  • 60% of breaches for the Professional Services industry were discovered by an external party.

  • The Professional Services industry is the 4th most common industry to be targeted by social breaches (phishing/pretexting).

Source: Verizon, 2018 Data Breach Investigations Report.

Top 3 factors that help reduce the cost of a data breach:

  • Having an incident response team.

  • Extensive use of encryption.

  • Employee training.

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