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How Can Otsan Transform Your Approach to Data Breaches?
Otsan Technical Service helps secure your business while leveraging insights from IBM's 2023 Cost of a Data Breach Report, examining causes, impacts, and prevention strategies based on data from 553 organizations.
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The average cost of a data breach reached USD 4.45 million in 2023, marking a 2.3% increase from the previous year's cost of USD 4.35 million. This reflects a long-term increase of 15.3% from USD 3.86 million in 2020.
Impact of Security Investments
The report indicates that organizations are almost evenly split on whether they plan to increase security investments after a data breach. Key areas for potential investment include incident response planning, employee training, and threat detection technologies.
Role of Law Enforcement in Ransomware Incidents
Involving law enforcement in ransomware incidents can lead to lower costs. The report shows that organizations that did not involve law enforcement paid 9.6% more and experienced a 33-day longer breach lifecycle compared to those that did.
How Can Otsan Transform Your Approach to Data Breaches?
published by Otsan Technical Service, LLC
Otsan Technical Service, LLC provides a range of comprehensive IT services. From managed services and laptop repairs to anti-virus protection and cloud services, we help businesses remain efficient and secure. Leveraging Microsoft 365, we help SMBs transition smoothly to the cloud, ensuring productivity and security. Moreover, our Emsisoft Anti-malware offers robust internet threat protection while maximizing computing efficiency. With Otsan, you can reshape your business technology strategy to align with today's digital demands.