The Financial Impact Of A Data Breach
Summary
Data breaches can carry a significant financial burden, with average costs reaching millions of dollars due to incident response, operational disruption, reputational damage, and regulatory consequences, and smaller organizations are frequently among those affected. Magna5 emphasizes that proactive, managed security services can help reduce both the likelihood and the financial impact of a breach by providing continuous monitoring, rapid response, and layered protection across the organization.
Table of Contents
The odds of experiencing a security breach are as high as 1 in 4.
With the threat landscape at an all time high, the question is not whether or not a company be breached but when. In the U.S. the cost of a data breach increased 5% to $7.35 million on average; and many of these breaches account for organizations with less than 1,000 employees. Is your organization prepared to take on such a burden? In this white paper, review a breakdown of common costs organizations face after a security breach and 5 suggested steps to take to lower your chance of a data breach.
Managed security services are comprehensive solutions that prevent, detect and eliminate data breaches in order to keep your organizations most competitive and critical assets secure. With Manga5 managed security services you get:
- Cost-effective solutions that don’t sacrifice on functionality
- 24/7/365 Operations Center coverage for immediate response and remediation
- Six comprehensive solutions that work to secure your organization from end to end
- Immediate access to certified security professionals
