Security News > 2020 > January > Data breach: Why it’s time to adopt a risk-based approach to cybersecurity
According to the 2019 Cost of a Data Breach study conducted by the Ponemon Institute, the average cost of a data breach in the UK was $4.88 million - up 10.5% on the previous year.
At the end of the day, data security should not be viewed as simply a technical problem that's handled by technical personnel working in IT. Best practices for minimizing cyber risk.
Web application vulnerabilities have been the top cybersecurity risk for several years, yet only 3% of IT spend is currently directed at web application security.
Get outside help - Bringing in external expertise to evaluate and benchmark the organization's security posture against similar organizations operating in the same market will help verify if information security policies and plans are appropriate to the identified enterprise risk profile.
Utilize independent consultants to undertake security and risk management reviews to boost security resilience and help leaders to define an appropriate investment strategy for cyber security tools.
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