Despite constant headlines about cyber attacks, organizations continue to leave their systems and data unnecessarily vulnerable. Cyber incidents result in the loss of reputation, enterprise value, and jobs, not to mention regulatory fines and civil litigation. According to Kaspersky Labs and the Ponemon Institute, 90% of businesses have experienced a cyber attack, with an average cost per breach of $3.6 million. Ponemon estimates that 27.7% of organizations surveyed will likely suffer another material breach within the next two years.
Although eliminating all cyber incidents is impossible, a “unified governance” approach that combines security with data management and information governance (IG) can help create a business culture that promotes a strong defense.
Click here to read about the 10 steps you can follow to create a culture of cybersecurity.
The passage is excerpted from a July 26, 2017, article on the website Dark Reading, written by Edward J. McAndrew, Partner & Co-Chair, Privacy & Data Security Group, Ballard Spahr LLP, Faculty Member of the Compliance, Governance & Oversight Council (CGOC).
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