The Ponemon 2016 Cost of Breach Study underscores the need for companies to take all necessary measures to combat the scourge of data breaches.
These include the establishment of a chief information security officer, appropriate data loss prevention controls, encryption where necessary and a robust cyber insurance program. The study found that “Incident response plans and teams in place, extensive use of encryption, employee training, Business Continuity Management involvement or extensive use of Data Loss Prevention reduced the cost of data breach.”
