Maximizing Return on Investment in Data Breach Response: A Comprehensive Guide
Introduction In today’s digital age, data breaches have become an unfortunate reality for many organizations. According to a report by IBM, the average cost of a data breach is $3.92 million, with the global average cost of a breached record being $150. With such high stakes, it’s essential for organizations to have a robust data breach response plan in place. However, many companies struggle to justify the investment in such plans, questioning whether the cost is worth the return. In this blog post, we’ll explore the concept of return on investment (ROI) in data breach response and provide a comprehensive guide on how to maximize it. ...