home_banner `

Content Icon

Understand the Ramifications of a Data Breach

May 2, 2019 | Ask-An-Expert | Data Breaches | By Rebecca Herold, IANS Faculty

What's the best way to gauge the cost of a data breach to a financial services organization? In this Ask-an-Expert written response, IANS Faculty Rebecca Herold says it's important to consider common hard costs (direct, residual, etc.) in addition to softer, harder to measure impacts (e.g., brand damage and difficulty hiring). 
IANS

 SUBSCRIPTION REQUIRED


Already a client?

Log In to Continue

Not a client?

Request More Information

Related Research

Allocate Security Team Training Wisely

What factors affect the budget for a security team's training, and is it possible to use training as a retention tool? In this Ask-an-Expert written response, IANS Faculty Rich Guida offers some guidelines.

2018 Data Breaches: Total Number Down 23%, Exposed Records Up 126%

The number of breaches reported in the U.S. in 2018 was down 23 percent, from 1,632 to 1,244. However, the number of personally identifiable information (PII) records exposed in 2018 jumped 126 percent from 197.6 million to 446.5 million.

Overview of 2018 Data Breaches By Industry

Nearly half of all data breaches (46%) reported last year occurred in retail/hospitality/utilities, while 29 percent were reported in the medical/health care industry. Another 11 percent of reported breaches affected banking/credit/financial industries.