IBM Services has released the results of a global Ponemon Institute study exploring the impact that business continuity management can have on the cost and frequency of data breaches; it shows 10 ways in which BCM provides quantifiable benefits.
The ‘2018 Cost of Data Breach Study: Impact of Business Continuity Management’, survey report sponsored by IBM and conducted by the Ponemon Institute, reinforces the call for new solutions to combat evolving cyber threats around the world. The longer it takes to identify, contain, and recover from a data breach, the more it consumes significant time, money, and resources throughout an organization.
According to the research, BCM programs can reduce the per capita cost of data breach, the mean time to identify (MTTI) and the mean time to contain (MTTC) a data breach and the likelihood of experiencing such an incident over the next two years.
On average, responding companies that prioritize business continuity management saved 44 days in the identification of the incident and 38 days in the containment of the data breach.
Source: DRJ New feed