Response plans and advances in not only the technology behind IT security but also awareness has resulted in a steady drop in the cost of data breaches.
The study that has revealed this news took into account factors such as expense to detect, notify and respond as well as the long term cost to the business in terms of reputation and use. Despite the number of incidents rising, the costs surrounding over coming these attacks have reduced.
The figures aren’t astonishing but they show a drop for the first time 7 years. The UK and USA were amongst another 7 countries studied, including Brazil, Germany and Japan.