Don't Fall Into a Trap: How Business Continuity Management Can Help Data Breaches
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Data breaches are costly and frequent, with an average cost of $4 million and a 29% increase since 2013. They often result from internal issues rather than just malicious attacks, and Business Continuity Management (BCM) can significantly reduce both identification and containment times. Implementing BCM can decrease the likelihood of a breach by 29% in the first two years.
Don't Fall Into a Trap: How Business Continuity Management Can Help Data Breaches
- 1. Don’t fall into a data trap.
- 2. Don’t fall into a data trap. Data breaches are happening all the time, from healthcare ($355 per lost record) to the public sector ($80 per lost record). Whatever your industry, a data breach is a time-consuming, costly problem to solve. page 2 Lost records. Hacked reports. Stolen information.
- 3. Don’t fall into a data trap. The average data breach costs $4 million. page 3
- 4. page 4 Don’t fall into a data trap. And the cost of a data breach has risen 29% since 2013.
- 5. page 5 Don’t fall into a data trap. Malicious and criminal attacks account for fewer than half of all data breaches. A breach is more likely to result from internal processes, human error and system glitches.
- 6. page 6 Don’t fall into a data trap. page 6 (BCM) can help you address a data breach faster. Business Continuity Management
- 7. page 7 Don’t fall into a data trap. It takes an enterprise 227 days on average to identify the cause of a data breach. BCM can help you bring that down to 175 days.
- 8. page 8 Don’t fall into a data trap. And once it’s detected, a data breach takes an enterprise an average of 88 days to contain. BCM involvement helps get that to 57 days.
- 9. page 9 Don’t fall into a data trap. Enterprises that involve BCM saw a 29% decrease in the likelihood of a data breach in the first two years.
- 10. page 10 SOURCE: 2016 Ponemon Cost of a Data Breach report. Learn more about how to keep your company intact in the “2016 Ponemon Cost of a Data Breach” report: https://ibm.biz/BdrTmD Lost business and a weaker reputation are the real costs of a data breach.