Although the financial cost of a cyber breach can be devastating to any organization, there are a host of other consequences that must be considered to determine the overall cost of a breach. These consequences can vary depending on what type of organization is victimized, and they can be difficult to quantify. It’s much easier to calculate a hike in cyber liability insurance than the potential revenue lost due to reputation damage. By examining some case studies from various verticals and analyzing the hazards facing organizations it’s possible to paint a vivid picture of how costly cyber breaches can be – and to underscore how critical it is to effectively mitigate risk.
The true cost of a data breach: Cyber security is a costly threat for organizations of all shapes and sizes