Survey reveals the true cost of data breaches

More than a third of organizations that experienced a data breach in 2016 reported substantial customer, opportunity and revenue loss of more than 20 percent. This is a key finding of the latest Cisco Annual Cybersecurity Report which also shows that after attacks, 90 percent of these organizations are improving threat defense technologies and processes. Steps being taken include separating IT and security functions (38 percent), increasing security awareness training for employees (38 percent), and implementing risk mitigation techniques (37 percent). The survey of 3,000 chief security officers and security operations leaders from 13 countries reveals budget constraints, poor compatibility… [Continue Reading]