The 2017 IBM and Ponemon Institute survey found that the UK average cost for each lost or stolen confidential record is £98 with the average total data breach cost being £2.48 million.
Around 60% of the cost of a data breach is attributed to response activities such as incident forensics, communications, legal expenditures and regulatory mandates. If your business is prepared, a big chunk of this 60% is avoidable.
As IT Manager or CIO of your organisation, you clearly need to prepare your organisation, not just for GDPR, but also to protect the company from external threats and to have a plan in place should a breach occur.
Here are 13 security questions you need to have the answers to:
- What actions are we taking to protect the company from the risks?
- How long will our business be down in the event of a cyber-security attack?
- Are our employees properly updated and trained? People play a huge role in prevention
- What is our plan to address cyber-security across our business?
- If a breach occurs, how much will it cost us?
- If a breach occurs, what is our response plan?
- Do we have the right security expertise on board?
- Do we promote a security culture?
- Are our applications backed up?
- Is our data backed up
- Do we have a secure backup not connected to any network?
- Do we have a Disaster Recovery plan?
- What is our disaster recovery process?
By Trilogy Technologies.
