The average cost to UK organizations of a data breach has risen by over 7% over the past two years to reach £2.37 million, or £104 per stolen record, according to the latest Ponemon Institute figures.

The research firm has teamed up once again with IBM to release this year’s Cost of Data Breach Study which comprised stats from 39 breached companies from 12 different sectors.

The report claimed that costs associated with detection and escalation, as well as lost business, increased last year, but that notification and cyber defense costs decreased.

Extensive use of encryption; incident response plans; File Management and board level involvement; employee training; CISO appointment; and insurance protection are all good ideas as they lead to lower breach costs.

 

You can read the full story on Infosecurity Magazine here.

 

 

 

Contact Us

USA Offices

New Net Technologies LLC
Suite #10115, 9128 Strada Place
Naples, Florida, 34108

New Net Technologies LLC
1175 Peachtree St NE
Atlanta, Georgia, 30361.

Tel: (844) 898-8358
[email protected]

 

UK Office

New Net Technologies Ltd
Rivers Lodge, West Common
Harpenden, Hertfordshire
AL5 2JD

Tel: 020 3917 4995
 [email protected]

SC Magazine Cybersecurity 500 Infosec Security Winners 2018 CIS benchmarking SEWP Sans Institute Now Certified IBM Security
Copyright 2020, New Net Technologies LLC. All rights reserved. 
NNT and Change Tracker are registered trademarks of New Net Technologies LLC.
All other product, company names and trademarks are the property of their respective owners.