Category Archives: cybersecurity costs

The cybersecurity skills gap contributed to a $1.76 million increase in average breach costs

Posted on by

Understaffing in cybersecurity — the “skills gap” — is driving up the cost of data breaches in recent years, according to a decade of reports by IBM. The 2024 IBM Data Breach Report found that more than half of breached organizations experienced severe security staffing shortages, a 26.2% increase from the previous year. They found […]

The post The cybersecurity skills gap contributed to a $1.76 million increase in average breach costs appeared first on Security Intelligence.

Continue reading The cybersecurity skills gap contributed to a $1.76 million increase in average breach costs→

10 years in review: Cost of a Data Breach

Posted on by

Today, the pace of world change astounds us, and cybersecurity reflects that, unlike any other industry. The data from the last decade tells us an amazing — and sometimes troubling — story. In 2014, the average cost of a data breach was $3.5 million. Today, the average cost of a data breach has surged nearly […]

The post 10 years in review: Cost of a Data Breach appeared first on Security Intelligence.

Continue reading 10 years in review: Cost of a Data Breach→

Spend to save: The CFO’s guide to cybersecurity investment

Posted on by

Attack volumes are up, and attackers are finding new ways to compromise corporate security. According to the HackerOne 6th Annual Hacker-Powered Security Report, ethical hackers found 65,000 vulnerabilities in 2022. What’s more, 92% of hackers said they could pinpoint weaknesses that scanning tools missed, making reliance on detection technology alone a dangerous prospect. At the […]

The post Spend to save: The CFO’s guide to cybersecurity investment appeared first on Security Intelligence.

Continue reading Spend to save: The CFO’s guide to cybersecurity investment→

Going Up! How to Handle Rising Cybersecurity Costs

Posted on by

The average cost of cybersecurity systems, solutions and staff is increasing. As noted by research firm Gartner, companies will spend 11% more in 2023 than they did in 2022 to effectively handle security and risk management. This puts companies in a challenging position: If spending stays the same, IT environments are at risk. If they […]

The post Going Up! How to Handle Rising Cybersecurity Costs appeared first on Security Intelligence.

Continue reading Going Up! How to Handle Rising Cybersecurity Costs→

How to Solve the People Problem in Cybersecurity

Posted on by

You may think this article is going to discuss how users are one of the biggest challenges to cybersecurity. After all, employees are known to click on unverified links, download malicious files and neglect to change their passwords. And then there are those who use their personal devices for business purposes and put the network […]

The post How to Solve the People Problem in Cybersecurity appeared first on Security Intelligence.

Continue reading How to Solve the People Problem in Cybersecurity→

What Experts Had To Say About the 2022 Cost of a Data Breach Report

Posted on by

The 2022 Cost of a Data Breach report was eagerly anticipated by cybersecurity professionals and the technology industry as a whole. Following two years of increased remote work and other changes due to the pandemic, the report was an important benchmark on the lasting impact and future trends of data breaches.  Not surprisingly, this year’s […]

The post What Experts Had To Say About the 2022 Cost of a Data Breach Report appeared first on Security Intelligence.

Continue reading What Experts Had To Say About the 2022 Cost of a Data Breach Report→

Cost of a Data Breach: Infrastructure

Posted on by

During the pandemic, businesses and consumers saw firsthand what happens when infrastructure fails. In 2019, the global critical infrastructure protection (CIP) market size was valued at $96.30 billion. It is predicted to grow to $154.59 billion by 2027, with a CAGR of 6.2%. On top of that, each time an organization in a critical sector […]

The post Cost of a Data Breach: Infrastructure appeared first on Security Intelligence.

Continue reading Cost of a Data Breach: Infrastructure→

The Cost of a Data Breach for Government Agencies

Posted on by

What happens when attackers breach local government, police departments or public health services? What would happen if attackers compromised the U.S. Treasury’s network? These types of incidents happen every month and lead to service interruptions at the very least. More serious problems could occur, such as leakage of classified data or damage to critical infrastructure. […]

The post The Cost of a Data Breach for Government Agencies appeared first on Security Intelligence.

Continue reading The Cost of a Data Breach for Government Agencies→

How EDR Security Supports Defenders in a Data Breach

Posted on by

The cost of a data breach has reached an all-time high. It averaged $4.35 million in 2022, according to the newly published IBM Cost of a Data Breach Report. What’s more, 83% of organizations have faced more than one data breach, with just 17% saying this was their first data breach. What can organizations do […]

The post How EDR Security Supports Defenders in a Data Breach appeared first on Security Intelligence.

Continue reading How EDR Security Supports Defenders in a Data Breach→

Small Business Cybersecurity: What to Fix, What to Manage and What to Outsource

Posted on by

The risk posture of small and medium-sized businesses has changed a lot over the last few years. Bluntly: small businesses inherited a series of digital risks. Many of these risks, such as supply chain and cloud-related risks, can wound and devastate a small business. Meanwhile, the enterprise, armed with more resources, could sustain the shock. […]

The post Small Business Cybersecurity: What to Fix, What to Manage and What to Outsource appeared first on Security Intelligence.

Continue reading Small Business Cybersecurity: What to Fix, What to Manage and What to Outsource→