Can you put a price on data breaches?

Can you put a price on data breaches?

British Airways and Marriot can!

Both companies are currently facing huge GDPR fines for data breaches after unexpected cyberattacks compromising millions of their clients’ personal information.(US$229 million and US$123 million respectively).

Although being prepared for cyber breaches is important, how and how quickly you respond to a breach when it occurs can directly impact on the reputation and future of your organisation. Anticipating and having an air tight incident response plan in the event of a cyber attack is paramount.

A comprehensive risk mitigation strategy, including employee security awareness programs, communication plans and incident response protocols are mandatory steps for any professional organisation that values its business reputation.

Read more on this story here.

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