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Preparation lowers long-term post-breach costs

Discussion in 'CSO' started by RSS, Jan 26, 2016.

  1. RSS

    RSS New Member Member

    Preparation can significantly lower the long-term costs of a breach, according to a SANS report released this morning.

    Companies that had plans in place, that spent time identifying and classifying data, and that used in-house teams were able to lower their long term expenses -- as did companies that successfully stayed out of the news.

    The majority of companies affected by a breach also invested in new security tools and services, as well as administrative and physical controls, training, and staffing.

    Once a breach has been identified and mitigated, residual financial and brand impact lasted anywhere from a month to three years, according to the report.

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