From the course: Cisco Network Security: Core Security Concepts

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Solution: Cost of a data breach

Solution: Cost of a data breach - Cisco Tutorial

From the course: Cisco Network Security: Core Security Concepts

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Solution: Cost of a data breach

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(upbeat music) - [Instructor] I'm here at this site at IBM.com where it gives a report on the cost of a data breach. Now there's a lot of figures here that I thought you might find interesting. First of all you can see this really large number of the global average total cost of a data breach in 2020, 3.86 million, now there's other considerations here, for example on this, could a pandemic increase the cost of a data breach? And here it talks about the fact that remote work could become a major security consideration, and also about the fact that from detection to containment time is money it will cost you money if you're suffering a data breach. And here it talks about data breaches caused by malicious attacks are the most common and most expensive, and also talking about incident response, this shows the greatest potential for cost savings and incident response and being able to quickly mitigate an incident is one of…

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