The Real Cost of a Data Breach

When planning the annual security budget for your office, many expenses make the list such as security cameras, FOB key entry and a new alarm system, but what about a different type of security threat? We’re talking about your business’s cyber security. Cyber security, like traditional security, is a necessary precaution to take in order to best protect your company, assets, information and staff. If there is no real form of protection or prevention, the costs of a data breach can be insurmountable.   Ponemon Institute recently partnered with IBM and released a study on the true costs of data breaches in the United States. Here are some of the…