If we were to record a time-lapse of data breaches across the globe in 2018, it would reveal consistent increases in four key categories:
A common theme that emerges is the importance of speed in detection and mitigation, which can significantly lower the burden of a breach. Although the mean time to identify (MTTI) and contain (MTTC) rose to record highs of 197 and 69 days, organizations that were able to contain a breach in less than 30 days saved over $1M compared to those who took longer. To put this into perspective, the average cost savings generated from working with an Incident Response (IR) team were as high as $14 per compromised record.
Download this whitepaper to find out more about the costly effects of a data breach.