4 Proven Ways to Mitigate the Costs of a Data Breach

m3 networks blog mitigate costs of data breach

No business wants to suffer a data breach. But unfortunately, in today’s environment, it’s difficult to completely avoid them. Approximately 83% of organizations have experienced more than one data breach.

(IBM Security 2022: https://www.ibm.com/reports/ data-breach)

The global average cost of a data breach is now $4.35 million, up 2.6% from last year.

Companies don’t need to resign themselves to the impending doom of a breach. There are some proven tactics they can take to mitigate the costs.


Cybersecurity Tactics to Reduce the Impact of a Breach

1. Use a Hybrid Cloud Approach

Breaches in both the public cloud and private cloud cost more than those in organizations using a hybrid cloud approach. 

2. Put in Place an Incident Response Plan & Practice It

Having a practiced incident response plan reduces the cost of a data breach. It lowers it by an average of $2.66 million per incident.

3. Adopt a Zero Trust Security Approach

Organizations that don’t deploy zero trust tactics pay about $1 million more per data breach.

4. Use Tools with Security AI & Automation

Data breach expenses lower by 65.2% thanks to security A.I. and automation solutions. These types of solutions include tools like Advanced Threat Protection (ATP).


Need Help Improving Your Security & Reducing Risk?

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