CYBERSECURITY SERVICES

Clarus Tech Partners will help your organization develop Cybersecurity & Data Privacy Regulation Programs and Solutions for Compliance & to Protect Your Assets

The increasing frequency, sophistication, and ever-changing nature of cyber intrusions and data breaches continually challenge an organizations’ information technology and risk management teams and cause major business disruptions, public release of confidential information, reputation damage, and other negative financial and operational impacts.

One challenge for every organization is linking business operations to IT functions.  Often executive and operations management have the misconception that their IT staff are also information security experts which leaves many companies and their customers exposed to everyday security threats.  This vulnerability can be costly.

When it comes to data breaches, time is money!

According to the latest 2019 Cost of Data Breach annual study conducted by Ponemon Institute and sponsored by IBM Security, the average cost of a data breach globally is $3.92 million.

According to the study, the speed at which an organization can suppress a data breach incident has a direct impact on the financial consequences:

  • The average time to identify a data breach in the study was 197 days, and the average time to contain a data breach once identified was 69 days.

 

  • Companies who contained a breach in less than 30 days saved over $1 million compared to those that took more than 30 days ($3.09 million vs. $4.25 million average total).

IBM Ponemon Global Report 2018
NEED TO address your cyber security & data compliance?
Consult with our team of experts at Clarus Tech Partners.  Contact us