No business wants to suffer a data breach. But unfortunately, in today’s environment, it’s difficult to completely avoid them. According to IBM’s Security 2022 report, approximately 83% of organisations have experienced more than one data breach.
The global average cost of a data breach is now $4.35 million, up 2.6% from last year.
Companies don’t need to resign themselves to the impending doom of a breach.
There are some proven tactics they can take for data breach mitigation of costs and we at Open Systems Support are happy to share four proven ways for data breach mitigation costs.
1. Use a Hybrid Cloud Approach for data breach mitigation
Breaches in both the public cloud and private cloud cost more than those in organisations using a hybrid cloud approach.
2. Put in Place an Incident Response Plan & Practice It
Having a practiced incident response plan reduces the cost of a data breach. It lowers it by an average of $2.66 million per incident.
3. Adopt a Zero Trust Security Approach
Organizations that don’t deploy zero trust tactics pay about $1 million more per data breach.
4. Use Tools with Security AI & Automation
Data breach expenses lower by 65.2% thanks to security A.I. and automation solutions. These types of solutions include tools like Advanced Threat Protection (ATP).
Need Help Improving Your Security & Reducing Risk?
Working with a trusted IT partner takes a lot of the security burden off your shoulders. Our Open Systems Support team is proud to provide outsourced monitoring and management of security devices and systems, cybersecurity training and security testing and checking to ensure that your business and customer information remain safe.
Our cybersecurity strategies include:
- Security Strategy and Consulting
- Risk and Compliance
- Cybersecurity Training and Education
- Digital Identity Management
- Managed Security Services
- Cloud Security
- Incident Management
- Security Testing
Get in touch to find out more and access a free initial consultation today on a strategy for your data breach mitigation strategy.