Brown Smith Wallace Cyber Security Infographic
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Cyberattacks remain one of the biggest threats an organization can face. From lost records to lost business, many businesses falter in attempts to recover from a data breach.
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Brown Smith Wallace Cyber Security Infographic
- 1. TAX • AUDIT • ADVISORY • INSURANCE • HEALTHCARE • INTERNATIONAL 2015 Cost of Data Breach Study: United States Ponemon Institute, May 2015 bswllc.com/cybersecurity-resources • 1.888.279.2792 $ ! $ ! 32% system glitches/ IT and business process failurescriminal attacks 49% 19% negligent employees How Much Could a Breach Cost Your Company? Data Breach Costs In 2015: $ 29 $ 3.32M $ 3.72M Increased Risk Factors Average detection & escalation costs grew, too: Lost business increased from 3%Compromised companies lost of their customers Malicious or Criminal Attacks Third Party Errors Dedicate a team to be prepared for a breach Particularly cyber insurance Incident Response Plan Business Continuity Management Involvement Insurance Protection $ 23.80per record $ 13.60per record $ 7.90per record Saves Saves Saves $ 230 $ 217average cost per record 8% since 2014 Most costly & most common type of incident Increase cost by: 11% since 2014 $ 6.53Maverage cost per company per record Increased customer acquisition activities $ 420Kin 2014 $ 620Kin 2015 From To average cost per record Can You Do So What to Prepare? All-Time Highare at an Reputation losses Diminished good will Abnormal turnover of customers Due to: Incidents Include: Brown Smith Wallace LLP 1 2 3