Strategy, Threat intelligence, Threats, Insider threat

Data breach cost rises to $4 million per incident; U.S. victims hit even harder

July 24, 2019
  • Having an incident response team in place, and extensive testing of incident response plans saves about $1.3 million per incident.
  • Companies that fully deploy security automation technologies will see breach-related costs cut in half.
  • Encryption of files will reduce costs by $360,000.
  • Carefully vetting the security arrangements of third parties that handle company data, ensuring each has systems in place that align with their parent organizations, can save $370.000.
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