5 Steps of an Effective Cyber Breach Response Plan
Cyber attacks are increasingly common and alarmingly expensive. In 2023, the global average cost of a data breach was $4.45 million, a 15% increase from three years earlier, according to IBM. Costs following a breach can include company downtime, lost revenues, restoration costs, remediation expenses, ransom payments, legal fees and public relations campaigns to restore reputation. But the fallout from a breach can be significantly mitigated with advance preparation and a prompt, effective response. Below are five important things to do to limit the damage from a cyber breach.
