Hiring security pros will cut cyberattack impact cost

Enterprises that deployed an internal Security Operation Center (SOC) have been able to reduce financial damage from a cyberattack at $675,000 — less than half the average impact cost for all enterprise-level organizations at $1.41 million, a new survey from Kaspersky and market research firm B2B International has revealed.

The survey showed that outsourcing security may actually increase the financial impact, particularly if the company uses an under-qualified subcontractor.

Among other changes that a business can employ to reduce loses from a data breach is to employ a Data Protection Officer (DPO), as 34 per cent of companies of all sizes with this dedicated role reported that a cyber incident did not result in monetary loses, the findings showed.

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