According to the IBM Cost of a Data Breach 2024 report, the average global breach cost has reached $4.88 million — a significant increase over last year’s $4.45 million and the biggest jump since the pandemic. For financial industry enterprises, costs are even higher. Companies now spend $6.08 million dealing…
Read MoreRead the previous article in this series, PR vs cybersecurity teams: Handling disagreements in a crisis. When the Colonial Pipeline attack happened a few years ago, widespread panic and long lines at the gas pump were the result — partly due to a lack of reliable information. The attack raised the…
Read MoreCyberattacks grow every year in sophistication and frequency, and the cost of data breaches continues to rise with them. A new report by IBM and the Ponemon Institute, the 2024 Cost of Data Breach Study, details the financial impacts of attacks across multiple industries. The global average cost of a…
Read MoreCheck out our first two articles in this series, Cybersecurity crisis communication: What to do and Crisis communication: What NOT to do. When a cyber incident happens inside an organization, everyone in the company has a stake in how to approach remediation. The problem is that not everyone agrees on…
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