Cyber Security Secrets Every Top Executive Must Know
The Financial Implications of Cyber Security
While investing in cyber security may seem costly, the financial implications of a data breach can be far more severe. According to IBM's Cost of a Data Breach Report, the average cost of a data breach in 2021 was $4.24 million2. This figure includes direct costs such as legal fees and fines, as well as indirect costs like reputational damage and customer loss. By proactively investing in cyber security, you can mitigate these risks and protect your organization's bottom line.