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Data Breach Costs Drop Globally But Increase in US
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Franois Amigorena
Franois Amigorena,
User Rank: Author
6/26/2017 | 5:54:00 AM
Management should care more about IT security
While it is encouraging to learn that global costs of data breaches have decreased, the fact remains that hugely disruptive data breaches are still happening alarmingly frequently all over the world. Despite this overall step in the right direction, the results are still far from an ideal situation.

With so many data breaches making headlines in recent months, each new cyberattack is a business lesson not learnt and an opportunity to step up cyber security completely missed.

IT security is often in danger of being an issue that only the IT department cares about and can be seen by the C suite as a business cost that doesn't add to revenue streams. That is, of course, until a breach takes place and the costs of resolving the issues become very much the business leader's concern.

For business leaders, whether in the US or further afield, having more visibility of the cybersecurity risks happening daily in their company is vital to changing this attitude and preventing the cost of resolving breaches climbing even further.

There are currently software tools which can physically show activity which could lead to a breach taking place, whether this is unsafe password practices or general risky behaviour happening around the office in real time. But the truth is that IT security isn't just an 'as and when' requirement. Having effective security software isn't just valuable when a breach takes place. It can help the company remain competitive, close business deals and build trust with customers, partners and the supply chain.

In order to bring these statistics down across the board, IT teams need to encourage business leaders to see preventative IT security measures as a future-proofing investment, like a form of insurance. It's always better to be safe than sorry, but once a company has been the victim of a data breach, it's too late and the measures needed to resolve the issue will inevitably be complex, disruptive and costly. 

http://www.isdecisions.com/why-management-should-care-IT-security/


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