SMBs Disclosing Data Breaches Minimize Financial Impact

SMBs Disclosing Data Breaches Minimize Financial Impact

Posted November 30, 2020

SMBs Disclosing Data Breaches Minimize Financial Impact

  • SMBs that are disclosing data breaches to their stakeholders and the public are less likely to lose as much as those staying quiet.
  • Costs for SMBs that disclose a breach are approximately $93,000. Those with an incident leaked to the media, however, suffered $155,000 in damage.
  • A managed detection and response (MDR) service instantly increases the protection levels against complex threats through fast turnkey deployment, she said. Outsourced professionals can also help to resolve the incident more effectively if it has already occurred.

– Edward Gately | November 30, 2020