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First, approach your cybersecurity budget as a strategic journey. Begin by heavily investing in prevention, focusing on strengthening defenses through firewalls, encryption, access controls and. It has become a truism in cybersecurity circles that a breach is no longer a matter of if but when.
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Once again, resilience has emerged as a key theme across all sectors, emphasizing the need for robust cybersecurity measures that encompass protection, detection, rapid response, and recovery. Investing in cyber resilience can reduce the economic costs of cyber events (data breaches and intellectual property loss, for example), while contributing to improvement in an organizations reputation. Studies highlight that more resilient companies generate shareholder returns that are around 50% higher than those of their less resilient peers. In an interview with harvard law today, he explains how class action lawsuits may nonetheless promote better cybersecurity practices, and why deregulation is to blame for some of our tech woes.
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Why are data breaches continuing to rise despite higher security budgets and better cybersecurity solutions?
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